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After Yesterday's Rally of 2.62% Shares Could Potentially Pullback

By Amy Schwartz

Pbf Energy Inc-A (NYSE:PBF) traded in a range yesterday that spanned from a low of $52.09 to a high of $53.72. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $52.21 on volume of 962,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Pbf Energy Inc-A on July 10th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.03. Since that recommendation, shares of Pbf Energy Inc-A have risen 17.9%. We continue to monitor PBF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Pbf Energy Inc-A have traded between a low of $21.35 and a high of $53.72 and are now at $53.08, which is 149% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.3% while the 50-day MA has advanced 1.1%.

Keywords: rebounders pbf energy inc-a

Ticker(s): PBF