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Refining Stocks’ 50 DMAs Stand Well above Their 200 DMAs

Refining Stocks’ 50 DMAs Stand Well above Their 200 DMAs

In the second quarter, refining stocks Valero Energy (VLO), Andeavor (ANDV), and Phillips 66 (PSX) rose. However, Marathon Petroleum (MPC) declined, which we discussed in the previous part of this series.