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

By James Quinn

Today, shares of Pbf Energy Inc-A (NYSE:PBF) have crossed bearishly below their 10-day moving average of $24.60 on a volume of 1.6 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, Pbf Energy Inc-A share prices have been bracketed by a low of $21.09 and a high of $53.91 and are now at $23.11, 10% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.8% while the 200-day MA has slid 1%.

SmarTrend is monitoring the recent change of momentum in Pbf Energy Inc-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Pbf Energy Inc-A in search of a potential trend change.

Keywords: moving crosses pbf energy inc-a

Ticker(s): PBF