InTheMoneyStocks'  Instablog

Send Message
  • Oil Refiners Lose Steam Early 0 comments
    Mar 13, 2013 10:42 AM

    This morning, the leading oil refinery stocks are declining sharply lower at the start of the trading day. This industry group has been one of the strongest sectors since November 2012. One of the leading oil refinery stocks in the sector is Tesoro Corp (NYSE:TSO). Today, TSO stock is trading lower by $2.00 to $55.79 a share. Short term traders should watch for intra-day support around the $55.00, and $53.68 levels. The daily chart of TSO stock is still trading above the important 50, and 200-day moving averages.

    Some other leading oil refinery sectors that are declining lower today include Phillips 66 (NYSE:PSX), HollyFrontier Corp (NYSE:HFC), Valero Energy Corp (NYSE:VLO), and Western Refining Inc (NYSE:WNR). All of these stocks are trading in a very similar pattern. These stocks can also be affected by the spread in light sweet crude and brent crude oil.

    Nicholas Santiago


    (click to enlarge)

Back To InTheMoneyStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • And he just closed out another one, $DUST for +7.55% in the Research Center...
    Jul 20, 2016
  • Gareth sold his $JDST in the Research Center here: Profit earned = +12.5%. Congrats members!
    Jul 20, 2016
  • $IWM negative already on the day. Small cap warning signal?
    Jul 20, 2016
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.