Monday, December 24, 2012

Chart of the Day - Hollyfrontier (HFC)

The "Chart of the Day" is HollyFrontier (HFC), which showed up on Thursday's Barchart "All-Time High" list. HollyFrontier posted an all-time Thursday at $47.39 and closed up +2.29%. TrendSpotter has been long since Nov 12 at $41.37. In recent news on the stock, Oppenheimer on Tuesday raised its price target on HollyFrontier to $55 a share from $46 and maintains an "Outperform" rating on the company, citing what it sees as strong industry fundamentals and the company's commitment to creating shareholder value through dividends and share repurchases. HollyFrontier, with a market cap of $9.46 billion, is engaged in refining petroleum and it produces and markets gasoline, diesel, jet fuel, asphalt, heavy products and specialty lubricant products.
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