Alon USA Energy (ALJ) : During the past 4 weeks, traders have been relatively bearish on Alon USA Energy (ALJ), hence the stock is down -0.69% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.17% relative to the S&P 500. The 4-week change in the price of the stock is -1.23% and the stock has fallen -3.01% in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.01% and the 50-Day Moving Average is 6.14%.The 200 Day SMA reached 11.86%
Alon USA Energy (NYSE:ALJ): After opening at $7.74, the stock dipped to an intraday low of $7.62 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $8.11 and the buying power remained strong till the end. The stock closed at $8.06 for the day, a gain of 4.68% for the day session. The total traded volume was 1,003,134. The stocks close on the previous trading day was $8.06.
Alon USA Energy (ALJ) stock is expected to deviate a maximum of $1.71 from the average target price of $7.75 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $10 and the most muted being $6.
Alon USA Energy, Inc. is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the United States. The Companys crude oil refineries are located in Texas, Louisiana and California and have a combined crude oil throughput capacity of approximately 217,000 barrels per day (bpd). The Company has three operating segments: refining and marketing, asphalt and retail. Its refineries produce petroleum products including various grades of gasoline, diesel fuel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt and other petroleum-based products. The Companys refining and marketing segment includes sour crude oil refinery located in Big Spring, Texas, a light sweet crude oil refinery located in Krotz Springs, Louisiana and heavy crude oil refineries located in Paramount, Bakersfield and Long Beach, California. The Company owns or operates approximately 10 asphalt terminals.