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Bearish Moving Average Cross by Pbf Energy Inc-A (PBF)

By Shiri Gupta

Today, shares of Pbf Energy Inc-A (NYSE:PBF) have crossed bearishly below their 10-day moving average of $48.32 on a volume of 2.1 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Pbf Energy Inc-A have traded between a low of $19.46 and a high of $51.42 and are now at $47.84, which is 146% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 1.2%.

SmarTrend recommended that subscribers consider buying shares of Pbf Energy Inc-A on July 10th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.03. Since that recommendation, shares of Pbf Energy Inc-A have risen 14.0%. We continue to monitor PBF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses pbf energy inc-a

Ticker(s): PBF