HFC closes higher for the 2nd day in a row
HollyFrontier Corporation (HFC) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team
Moving higher for the 2nd day in a row, HFC ended Thursday at 72.43 surging $3.47 (5.03%). This is the biggest single day gain in over two weeks. Today's closing price of 72.43 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 69.49, the stock confirms its breakout through the prior session's high having traded $3.29 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.
Daily Candlestick Chart (HFC as at May 17, 2018):
Thursday's trading range was $3.20 (4.6%), that's far above last trading month's daily average range of $1.83. Weekly volatility is also higher, being above the markets average with the monthly volatility being slightly above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.