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Shares of Pbf Energy Inc-A Rise Above Previous 52-Week High

By Amy Schwartz

Pbf Energy Inc-A (NYSE:PBF) traded at a new 52-week high today of $43.22. Approximately 445,000 shares have changed hands today, as compared to an average 30-day volume of 1.5 million shares.

Over the past year, Pbf Energy Inc-A has traded in a range of $18.48 to $43.22 and is now at $43.13, 133% above that low. The 200-day and 50-day moving averages have moved 0.03% lower and 0.66% higher over the past week, respectively.

PBF Energy Inc. is an independent petroleum refiner and supplier. The Company offers unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. PBF's finished products are sold through long-term offtake and supply agreements.

Based on a current price of $43.13, Pbf Energy Inc-A is currently 4.8% above its average consensus analyst price target of $41.07. The stock should discover initial support at its 200-day moving average (MA) of $32.68 and subsequent support at its 50-day MA of $32.17.

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 34.9%. We continue to monitor PBF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows pbf energy inc-a

Ticker(s): PBF