Alon USA Energy
Alon USA Energy (ALJ - Get Report) 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.