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HollyFrontier Bullish Moving Average Crossover Alert (HFC)

By Nick Russo

Today, shares of HollyFrontier (NYSE:HFC) have crossed bullishly above their 10-day moving average of $27.18 on a volume of 533K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, HollyFrontier has traded in a range of $22.07 to $54.73 and is now at $27.44, 24% above that low. The 200-day and 50-day moving averages have moved 0.64% lower and 0.26% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of HollyFrontier on January 9th, 2017 by issuing a Downtrend alert when the shares were trading at $31.31. Since that call, shares of HollyFrontier have fallen 14.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses hollyfrontier

Ticker(s): HFC