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TMCNet:  HollyFrontier Falls 2.66% on Heavy Volume: Watch For Potential Rebound

[January 18, 2013]

HollyFrontier Falls 2.66% on Heavy Volume: Watch For Potential Rebound

Jan 18, 2013 (SmarTrend(R) News Watch via COMTEX) -- HollyFrontier (NYSE:HFC) traded in a range yesterday that spanned from a low of $43.56 to a high of $45.58. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $45.26 on volume of 4.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.


HollyFrontier share prices have moved between a 52-week high of $47.90 and a 52-week low of $27.31 and are now trading 62% above that low price at $44.26 per share. The 200-day and 50-day moving averages have moved 0.73% higher and 1.38% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in HollyFrontier. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of HollyFrontier in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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