Marathon Petroleum should continues on its bullish trend in order to test new highest levels.

The company shows strong fundamentals. Firstly, the security is undervalued compared to its peers with an EV/Sales ratio estimated at 0.44 by the Thomson Reuters consensus for the current year. Moreover, the consensus revised upward EPS estimates and that let see a great potential for the security on the stock market.

Technical patterns are in the green: prices are up for several months. The movement should continue in the coming trading sessions as it is supported by the USD 101 level and the 20 and 50-day moving averages. The technical analysis of the stock gives us a target near the USD 107 resistance.

Thanks to these good indicators, it seems relevant to open a long position in Marathon Petroleum at the current prices. The target price is the USD 107 resistance. A stop loss will be set under the USD 101 short term support because a breakdown of this level would damage technical pattern.