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SmarTrend Watching for Potential Pullback in Shares of Pbf Energy Inc-A After 1.98% Gain

By James Quinn

Pbf Energy Inc-A (NYSE:PBF) traded in a range yesterday that spanned from a low of $31.44 to a high of $31.51. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $30.88 on volume of 528,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Pbf Energy Inc-A share prices have moved between a 52-week high of $53.91 and a 52-week low of $28.66 and are now trading 10% above that low price at $31.49 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Pbf Energy Inc-A on February 27th, 2019 by issuing a Downtrend alert when the shares were trading at $32.32. Since that call, shares of Pbf Energy Inc-A have fallen 4.5%. 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