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Pbf Energy Inc-A Crosses Below its 10-day MA (PBF)

By Shiri Gupta

Pbf Energy Inc-A (NYSE:PBF) crossed under its 10-day moving average of $44.08 on a volume of 356K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Pbf Energy Inc-A have traded between a low of $18.48 and a high of $46.40 and are now at $43.77, which is 137% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.4% while the 50-day MA has advanced 3.2%.

SmarTrend recommended that subscribers consider buying shares of Pbf Energy Inc-A on February 27th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.20. Since that recommendation, shares of Pbf Energy Inc-A have risen 46.1%. We continue to monitor PBF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses pbf energy inc-a

Ticker(s): PBF