Alon USA Energy
Alon USA Energy (ALJ) is an independent refiner and marketer of petroleum products operating primarily in the South Central, Southwestern and Western regions of the U.S. This stock is trading up 4.7% at $14.29 in recent trading.
Today's Volume: 1.8 millionAverage Volume: 367,603 Volume % Change: 969% >>5 Stocks Poised for Breakouts From a technical perspective, ALJ is bouncing sharply to the upside here right off some near-term support at $13.50 with monster volume. This move has started to push ALJ into breakout territory, since the stock is moving above some near-term overhead resistance at $14.21. In fact, ALJ has now hit a new 52-week high today at $14.45. Traders should continue to look for long-biased trades in ALJ as long as it's trending above $13.38 with strong upside volume flows. I would consider any upside volume day that registers near or above 367,603 shares as bullish. If ALJ can hold this trend, then this stock has a great chance of re-testing or possibly taking out its next major overhead resistance level at $15.21.
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