The 2 energy stocks on an uptrend: HollyFrontier Corp & MPLX LP top this list.
Markets are up including news that Nasdaq up to 11,541, gaining 0.43%. Dow Jones up to 33,200, gaining 0.22%.
Meanwhile, United States Existing Home Sales (Jan) came out at 4 million, while a consensus of analysts was expecting 4 million.
What is an uptrend?
An uptrend describes the price movement of a continuously appreciative financial asset over a particular time frame. In an uptrend, each successive peak and trough is higher than the ones found earlier in the trend. The uptrend is therefore composed of higher swing lows and higher swing highs.
HollyFrontier currently on a 9 day uptrend; gains 26 cents (+2.74%)
After closing the previous trading day at $35.68, HollyFrontier is up to $36.39, which makes for a move of 2%/71 cents today. As things stand, trading volume is at 4.78 million, above the 21-day average of 4 million.
|MPLX | moves for 10 days (+2.24%):
As things stand, MPLX is holding steady at $34.73 after kicking off today's session at $34.9. MPLX trades at $34.73, after ending yesterday at $34.72. MPLX distributed a dividend of 77.5 cents per share on Tuesday, February 14th for all shareholders on record up until Monday, February 6th. Based on current prices, the decision means shareholders are receiving an annualised dividend yield of 8.93%.