The 3 energy stocks on an uptrend: PetroChina Company Limited, HollyFrontier Corp, Phillips 66 Partners LP top this list.
Markets are mixed with Dow Jones up 0.39%, trading at 29,352. Nasdaq slipping 0.16% and closing at 10,400.
This limbo state is reflected by market data published as highly important Producer Price Index data from United States beat analyst expectations of 0.2% with a reading of 0.4%.
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.
A 16.02% increase in 8 days: Lethargic start to the session sees PetroChina drop as low as $46.32
PetroChina Company Limited is on an 8 day uptrend — now turning against its recent performance, PetroChina is down to $46.85, after ending yesterday at $47.09. Overall, a 0.51% loss or 24 cents today. As things stand, trading volume is at 183,179, above the 21-day average of 88,011.
An increase of 2.74% in 9 days: HollyFrontier on track to post record single day jump of 71 cents points (+2%)
Today's session so far looks to be heading in the same direction — 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. HollyFrontier continues a 9 day surge, reaping a total of 2.74%. The trading volume is at 4.78 million, 119% above the 21-day average of 4 million.
The company has a market cap of $5.93 billion with an average daily volume of 4 million shares. HollyFrontier hit a significant low of $29.34 around 7 months ago, but has since recovered 21.61%. So far in 2022, it has performed better than the S&P by 41.25%. The stock has been trending positively for about 7 months. HollyFrontier is forecasted to generate revenues of $4.12 billion and EPS of 41.06 cents.
A 10 day uptrend, ascends by 1.89%: Phillips 66 Partners ascends 1.89% to $42
Phillips 66 Partners is on a 10 day bullish run gaining 0 cents (1.89%). consistent for now — 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. The trading volume is at 16.20 million, 221% above the 21-day average of 7.33 million.