Fundamental Outlook on PSX, MPC and HFC Note to Editors: The Following Is an Investment Opinion Being Issued by the WSA Financial Ltd.
© Marketwire 2013
19.02.2013 15:02:51 -
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http://www.wallstreetactive.com/register.php : ctt.marketwire.com/?release=987290&id=263337 ..
Phillips 66 Shares Edge Lower
Phillips 66 shares fell sharply on Friday, tracking losses in the broad Energy sector, which was the worst performer in the S&P 500. The stock ended the day 1.02% lower at $64.17 after falling to an intra-day low of $63.53. Volume was below the daily average of 4.79 million. Year-to-date, though, Phillips 66 shares have been among the best performers, gaining nearly 21%. The stock has seen a series of highs over the past few weeks, which indicates bullish market sentiment. On Friday, the stock initially rose to a 52-week high of $65.38 before seeing a pullback. Sign up today and get useful insight about PSX for free at
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Marathon Petroleum Post Gains for the Week
Marathon Petroleum shares fell marginally in trading on Friday, but managed to post gains for the week. The stock closed 0.30% lower at $82.56 on volume of 2.84 million. For the week, it rose nearly 1.4%, outperforming the broad market. Marathon's shares have outperformed the broad market for the year as well, gaining more than 31.05% compared to a gain of 6.55% for the S&P 500. On Friday, the stock hit an intra-day high of $83.18, which is close to its 52-week high of $83.75. Marathon Petroleum Corp. shares are currently trading well above their 50-day and 200-day moving averages, which is a bullish signal. The stock has seen a series of highs over the last one month, which further confirms the bullish trend. Free report on MPC can be accessed by registering at
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HollyFrontier Shares Struggle
Shares of HollyFrontier Corp. struggled in Friday's trading session, ending the day 1.79% lower at $55.55 on volume of 3.02 million. Year-to-date, though, the company's shares have done well, gaining nearly 20%. The stock is currently trading well above its 50-day and 200-day moving averages. Register with Wall Street Active and download the research on HFC for free at
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Disclaimer: WSA Financial is not a registered investment advisor, and nothing in this release is intended as a solicitation to buy or sell any security. Our pro-traders only aim is to educate investors based on their experience, and to share their knowhow.
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