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Alon USA Energy Bullish Moving Average Crossover Alert (ALJ)

By Nick Russo

Alon USA Energy (NYSE:ALJ) crossed over its 10-day moving average of $6.68 on a volume of 126K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Alon USA Energy share prices have been bracketed by a low of $6.21 and a high of $23.29 and are now at $6.78, 9% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Alon USA Energy on May 3rd, 2016 by issuing a Downtrend alert when the shares were trading at $9.96. Since that call, shares of Alon USA Energy have fallen 34.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses alon usa energy

Ticker(s): ALJ