Market Overview

Refinery Stocks Run Out Of Fuel, Watch These Levels

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This morning, many of the leading oil refinery stocks are declining sharply lower at the start of the trading day. Some of the leading stocks in the sector that are selling off include Valero Energy Corporation (VLO), Tesoro Corporation (TSO), HollyFrontier Corporation (HFC), Marathon Petroleum Corporation (MPC), and Phillips 66 (PSX). Day traders can watch for a couple of solid intra-day support levels on VLO stock around the $48.47, and $47.58 levels. Both levels could be intra-day bounce areas for the stock. 



Nicholas Santiago

InTheMoneyStocks.com



The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

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