Murphy USA is trading in a bullish trend and several arguments are in favor of the continuation of this trend.

The economic and financial situation of the company is still strong. Debt is decreasing rapidly and the leverage is reducing at 1.03.

Technical patterns are in the green: prices are up for several months. The movement should continue in the coming trading sessions. The 20-day moving average should help to reach the USD 81.71 long term resistance.

Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position at the current price. The first target price is the USD 76.4 resistance. A breakout of this level will be a new bullish signal for higher target price (USD 81.4 resistance). A stop loss will be placed under the USD 70 threshold, that would invalidate this trading strategy.