MV Oil Trust shares surge 10.43% premarket as stock crosses above 200-day moving average.

MV Oil Trust surged 10.43% in premarket trading after its share price crossed above the 200-day moving average of $12.09, according to a September 13 report by MarketBeat. This technical milestone often signals a potential upward trend, attracting traders and investors who view it as a bullish indicator. While the stock had faced prior volatility, including a 12% decline in September and mixed sentiment around its dividend sustainability, the recent crossover aligns with broader market optimism for energy assets. The move follows a period of reduced short interest in May and a dividend increase in January, though the immediate catalyst appears to be the technical breakout, which typically drives momentum-driven buying activity.