• Return to Headlines

Look for Shares of Delek Us Holding to Potentially Pullback after Yesterday's 2.00% Rise

By Shiri Gupta

Delek Us Holding (NYSE:DK) traded in a range yesterday that spanned from a low of $38.98 to a high of $40.70. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $39.93 on volume of 612,000 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 its subscribers protect gains by selling shares of Delek Us Holding on September 12th, 2018 by issuing a Downtrend alert when the shares were trading at $47.01. Since that call, shares of Delek Us Holding have fallen 16.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Delek Us Holding have traded between a low of $27.08 and a high of $61.57 and are now at $40.55, which is 50% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 2.3%.

Keywords: rebounders delek us holding

Ticker(s): DK