Western Refining, Inc. (WNR)

[gfp927z]

SC, >>> Jumps in oil prices hurt refiners like Western Refining, because they put pressure on their profit margins, especially when demand for gasoline is weak. <<<



The refining sector seems to have so many unpredictable factors and variables.

Nice to see those two upgrades. It would have been better if the stock had closed nearer to the high on Friday, but the overall market also fizzled out yesterday afternoon. Chart-wise, 14.70-15 area still looks like a reasonable intermediate target. That's where there is resistance from the last support break, from the 50 MA (blue line), and from the gap -







The 14.70-15 area would also make the current rebound a 50% Fibonacci retracement -