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Hollyfrontier Co Looks to Continue to Trade Above its Annual-High Share Price Today

By James Quinn

Hollyfrontier Co (NYSE:HFC) traded at a new 52-week high today of $70.54. So far today approximately 679,000 shares have been exchanged, as compared to an average 30-day volume of 2.2 million shares.

Hollyfrontier Co (NYSE:HFC) is currently priced 12.9% above its average consensus analyst price target of $61.25. Hollyfrontier Co shares have support at the 200-day moving average (MA) of $42.08 and additional support at the 50-day MA of $35.10.

HollyFrontier Corporation, through its affiliates, refines, transports, stores, and markets petroleum products. The Company's refineries produce light products such as gasoline, diesel fuel, and jet fuel which are marketed in the southwestern United States, northern Mexico, and Montana.

Over the past year, Hollyfrontier Co has traded in a range of $22.07 to $70.54 and is now at $70.33, 219% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.6%.

SmarTrend recommended that subscribers consider buying shares of Hollyfrontier Co on March 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $46.44. Since that recommendation, shares of Hollyfrontier Co have risen 48.5%. We continue to monitor HFC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows hollyfrontier co

Ticker(s): HFC