Murphy Oil Corporation (MUR) which I first wrote about on April 29, 2009, at a price of $47.80, has tried the patience of investors over the past 12 months. The stock recently held support at $50 and accelerated to about $60, but is now showing signs of a familiar range-bound pattern, hence it's probably best to exit shares at this stage, and take the roughly $12 gain.
Continue reading Time to Sell Murphy Oil?
Time to Sell Murphy Oil? originally appeared on BloggingStocks on Fri, 30 Apr 2010 17:00:00 EST. Please see our terms for use of feeds.
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