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Shares of Alon USA Energy Under Pressure, Down 2.1%

Published on Tue, 03/19/2013 - 12:24
By Peter Chu

Alon USA Energy (NYSE:ALJ) is one of today's notable stocks in decline, down 2.1% to $19.06. The S&P is currently trading 0.5% lower to 1,545 and the Dow Jones Industrial Average is trading 0.2% lower to 14,420.

Over the past year, Alon USA Energy has traded in a range of $7.52 to $21.24 and is now at $19.06, 153% above that low. The 200-day and 50-day moving averages have moved 1.16% higher and 0.49% higher over the past week, respectively.

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 (NYSE:ALJ) has potential upside of 1.2% based on a current price of $19.06 and analysts' consensus price target of $19.29. The stock should find resistance at its 50-day moving average (MA) of $19.18, as well as support at its 200-day MA of $13.97.

By Peter Chu
pchu@fnno.com