MUR in a bullish trend
Since the beginning of January, MUR, Murphy Oil Copr. Holding Co., is moving above its 20-day moving average, which it touched only twice. In the last three days the stock moved above its rising 10-day moving average and reached the upper Bollinger Band - Blue box.
Apart from that, the stock moved above a local resistance, at about 33.7, the yellow line.
In response to this price action, MACD turned up and it’s just below its Signal Line – the green box.
The stock’s Relative Strength has been moving up since the beginning of January and has surged higher in the last few days – orange box.
Finally, MUR’s Money Flow Index, has also moved up and above its 20-day moving average.
In the last two months MUR is moving up and above its 20-week moving average. In fact, it’s moving in a narrow ascending band between the 10-week moving average and the upper Bollinger Band – blue box.
On top of that, MUR has moved above the yellow resistance line at about 30.5.
The bullish momentum of the stock is depicted in MACD, which is moving up and above its signal line – see orange box.
The Relative Strength of the stock is also moving up and above its 20-week moving average – green box.
Finally, MUR’s Money Flow Index is also moving up and above its 20-week moving average – the grey box.