Phillips 66 (PSX) ($65.11) peaked at $70.52 on March 28 and the stock's weekly chart profile stays positive given at weekly close above its five-week MMA at $64.46. My weekly value level is $63.85 with a monthly risky level at $73.68.
Tesoro (TSO) ($58.09) peaked at $65.75 on May 20 and the stock's weekly chart profile shifts to negative on a weekly close below its five-week MMA at $57.96. This stock was downgraded to hold from buy as June began. My annual value level is $56.45 with a weekly pivot at $60.68 and monthly risky level at $61.26.
Valero Energy (VLO) ($38.97) peaked at $44.72 on March 5 and the stock's weekly chart needs to have a weekly close above its five-week MMA at $39.35 to stay positive. The stock was downgraded to hold from buy as June began. My weekly value level is $37.97 with a monthly risky level at $46.51.
Western Refining (WNR) ($31.25) peaked at $39.42 on March 6 and the stock's weekly chart needs to have a weekly close above its five-week MMA at $31.94 to shift to positive. My quarterly value level is $29.74 with a weekly pivot at $31.56 and monthly risky level at $37.08.>>To see these stocks in action, visit the 9 Oil Refining Stocks to Watch portfolio on Stockpickr. At the time of publication the author held no positions in any of the stocks mentioned. Follow @Suttmeier This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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