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July 9, 2013  Tue 1:47 AM CT

MUR: SEE CHART GET CHAIN FIND STRATEGIES
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Trades show some caution on Murphy Oil

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The oil and gas producer is up sharply in recent months and reported positive quarterly results this week, but traders are positioining for a possible pullback.

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Timing the Trade

Both break outs and a break downs need to have a couple things happen before it is considered a confirmed break out or break down by technical definition!  The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

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