Shares of Alon USA Energy (NYSE:ALJ) traded at a new 52-week high today of $18.64. Approximately 362,000 shares have changed hands today, as compared to an average 30-day volume of 974,000 shares.
Alon USA Energy, Inc. refines and markets oil, operates pipelines, and operates convenience stores. The Company operates a sour crude oil refinery and pipeline, markets gasoline and diesel fuel to retailers, markets unbranded gasoline and diesel and jet fuels, supplies asphalt in West Texas, New Mexico and Arizona, and operates convenience stores in West Texas and New Mexico.
Alon USA Energy has overhead space with shares priced $18.02, or 2.6% below the average consensus analyst price target of $18.50. The stock should find initial support at its 50-day moving average (MA) of $16.77 and further support at its 200-day MA of $14.80.
In the past 52 weeks, Alon USA Energy share prices have been bracketed by a low of $10.28 and a high of $18.64 and are now at $18.02, 75% above that low price. The 200-day and 50-day moving averages have moved 0.15% higher and 0.45% higher over the past week, respectively.