• Return to Headlines

Delek US Holdings Crosses Above its 10-day MA (DK)

By Amy Schwartz

Today, shares of Delek US Holdings (NYSE:DK) have crossed bullishly above their 10-day moving average of $17.07 on a volume of 128K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Delek US Holdings share prices have moved between a 52-week high of $40.47 and a 52-week low of $11.41 and are now trading 51% above that low price at $17.25 per share. The 200-day and 50-day moving averages have moved 1.98% lower and 0.67% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Delek US Holdings on August 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.13. Since that recommendation, shares of Delek US Holdings have risen 20.1%. We continue to monitor DK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses delek us holdings

Ticker(s): DK