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HollyFrontier Crosses Above its 10-day MA (HFC)

By David Diaz

Today, shares of HollyFrontier (NYSE:HFC) have advanced above their 10-day MA of $27.32 on a volume of 462K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

HollyFrontier share prices have moved between a 52-week high of $54.73 and a 52-week low of $25.80 and are now trading 6% above that low price at $27.43 per share. 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 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 19.3%. 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