Bought ALJ at $9.49 today. Alon USA is a refiner operating in three segments: Refining and Unbranded Marketing, Asphalt, and Retail and Branded Marketing (from Yahoo! Finance). ALJ as been moving upwards since June 21, and today broke through resistance at $9.00 on above average volume. The fundamentals are sharp, the technicals are sharp and this is one of the last refiners to break. I believe that this stock will see $12 in due time, which would be good for a 25% jump. Protective stop will be in the $8.35-$8.50 range, as ALJ recently found support in that area.
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