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Look for Shares of Pbf Energy Inc-A to Potentially Rebound after Yesterday's 2.94% Sell Off

By Nick Russo

Pbf Energy Inc-A (NYSE:PBF) traded in a range yesterday that spanned from a low of $23.71 to a high of $24.83. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $24.17 on volume of 845,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Pbf Energy Inc-A have traded between the current low of $23.71 and a high of $53.91 and are now at $23.83. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 1.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Pbf Energy Inc-A on May 9th, 2019 by issuing a Downtrend alert when the shares were trading at $30.15. Since that call, shares of Pbf Energy Inc-A have fallen 18.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders pbf energy inc-a

Ticker(s): PBF