HollyFrontier Corp, PetroChina Company Limited, Phillips 66 Partners LP and others have been on an uptrend.
Leading equity indices in the US declined as S&P 500 was down 1.79% before closing the session at 3,999. Dow Jones closed at 33,947, a 1.4% change.
While price action maintains a negative bias, United States ISM Non-Manufacturing PMI (Nov) released yesterday at 15:00 UTC with a figure of 56.5, while the previous figure was 54.4.
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.
Climbs for 9 days and gaining 2.74%: HollyFrontier on track to post record single day jump of 71 cents points (+2%)
It was more of the same for HollyFrontier yesterday — HollyFrontier Corp went up to $36.39 yesterday after ending Friday at $35.68. Overall, a 2% move or 71 cents. HollyFrontier displays further gains following a recent trend of 9 days and 26 cents. Daily trading volume (4.78 million shares) was slightly above the current multiday average of 4 million.
With an average daily volume of 4 million shares. Having set a significant high of $38.62 8 months ago, the diversified energy company is trading 21.61% lower. So far in 2022, it has been outperforming the S&P 500 by 27.19%. The stock has been trending positively for about 8 months. HollyFrontier has a forecast of $4.12 billion with an EPS of 41.06 cents.
A 4 day, 13.85% uptrend: PetroChina traders look to claw back yesterday's 0.51% decline to maintain ongoing trend
Though in the midst of a 4 day uptrend, gaining a total of 13.85%, ($5.94), the prevailing bullish trend is beginning to fade following yesterday's downbeat session. During yesterday's session, PetroChina toiled and struggled for upward momentum before closing at $46.85. By the close, the the Chinese oil and gas company suffered a 24 cents or 0.51% loss. PetroChina's recent uptrend could be petering out after the company eclipsed its average daily volume of 41,541 by 441% today.
Ascends for 10 days (+1.89%): Phillips 66 Partners gains 1.89%; sets session high of $44.09
Phillips 66 Partners is on a 10 day bullish run gaining 0 cents (1.89%). yesterday's session pointed in the same direction — Phillips 66 Partners went up to $42 yesterday after ending Friday at $41.23. Overall, a 1.89% move or 77 cents. Daily trading volume (16.20 million shares) was above the current multiday average of 7.33 million.