HollyFrontier Bullish Moving Average Crossover Alert (HFC)
Today, shares of HollyFrontier (NYSE:HFC) have crossed bullishly above their 10-day moving average of $24.30 on a volume of 415K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of HollyFrontier have traded between a low of $22.07 and a high of $54.73 and are now at $24.64, which is 12% above that low price. 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 April 6th, 2016 by issuing a Downtrend alert when the shares were trading at $33.58. Since that call, shares of HollyFrontier have fallen 28.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses hollyfrontier