Marathon Petroleum could reach its USD 91.1 resistance.

The economic and financial situation of the company is still strong. Estimated sales from Thomson Reuters consensus are encouraging. Debt left the place to cash in 2012 (debt of USD 228 million in 2011 ; USD 1,499 million in cash in 2012)

Technically, the security is in an uptrend on all time scales and it is supported by moving averages. Prices are near to the USD 84.2 level and the 50-day moving average is coming in support. This configuration could help the stock to bounce towards the USD 91.1 resistance.

In consequence, investors can take a long position in Marathon Petroleum with a first target price at USD 91.1. A new bullish fluctuation could lead the security toward its highest level in case of breakout of this resistance. A stop loss will be set under the short term support at USD 84.2.