BP, HollyFrontier Corp, PetroChina Company Limited are at the top of this list of energy stocks on an uptrend.
The leading indices are falling — S&P 500 drawing back 0.96% to 3,920.73. Dow Jones trades at 33,364 after losing 0.57%.
While price action maintains a negative bias, United States Philadelphia Fed Manufacturing Index (Nov) came out at -19.4, while a consensus of analysts was expecting -6.2.
What is an uptrend?
A trend is the overall direction of a market or an asset's trading price over a certain period. An uptrend is when the price is generally pointing upwards; there can be certain periods of time when the price falls, yet the trend remains in an upward direction.
A 6 day, 5.36% uptrend: BP is up 0.28%, trades at $34.06
Consistent for now — after closing the previous trading day at $33.97, BP is up to $34.06, which makes for a move of 0.28%/9.39 cents today. 6 days and $1.64 of gains are not enough for BP.
The company's market cap is $103.74 billion with an average daily trading volume of 10 million shares. BP is now trading 1.05% below the significant high of $34.33 it set around 10 days ago. BP has a forecast of $58.63 billion with an EPS of $1.94.
A 9 day, 2.74% rise: HollyFrontier on track to post record single day jump of 71 cents points (+2%)
Heading in the same direction for now — overall, HollyFrontier had a 2% move or 71 cents today and is currently trading at $36.39. HollyFrontier continues a 9 day surge, reaping a total of 2.74%. Current trading volume stands at 4.78 million; 119% slightly above the 21-day average of 4 million.
With an average daily volume of 4 million shares. HollyFrontier hit a significant low of $29.34 around 8 months ago, but has since recovered 21.61%. So far in 2022 it has been beating the S&P by 28.76%. The stock has been trending positively for about 8 months. HollyFrontier is forecasted to generate revenues of $4.12 billion and EPS of 41.06 cents.
An increase of 13.85% in 4 days: PetroChina descends to $46.85
During a 4 day uptrend, PetroChina gained a total of $5.94, or 13.85%. bucking the trend and turning lower, PetroChina is down to $46.85, after ending yesterday at $47.09. Overall, a 0.51% loss or 24 cents today. Current trading volume stands at 183,179; 441% above the 21-day average of 41,541.
A 10 day, 1.89% uptrend: Strong start to the session sees Phillips 66 Partners peaking at $44.09
Phillips 66 Partners continues a 10 day uptrend, gaining a total of 1.89%. as the session continues, it seems to maintain one direction — after closing the previous trading day at $41.23, Phillips 66 Partners is up to $42, which makes for a move of 1.89%/77 cents today. Current trading volume stands at 16.20 million; 221% above the 21-day average of 7.33 million.