McMoRan Exploration (MMR) Bullish Technical Alert - Trend Up 22.1%

McMoRan Exploration (NYSE:MMR) is trading 2.7% higher (up $0.22 to $8.50) today on volume of 186,446 shares. The stock has traded within a 52-week range of $3.14 and $29.88.

McMoRan Exploration is currently above its 50-day moving average of $6.23 and above its 200-day moving average of $7.07.

SmarTrend is bullish on shares of MMR and our subscribers received an Uptrend alert on August 06, 2009 at $6.96, which has returned 22.1% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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