I’m a big fan of ALJ — it has sold off from the high 11s to the low 9s. As anyone who has been on this site long enough knows, the refiners are in the sweet spot now. Significant sell volume came in on no real news. Rumors about a refinery suffering a setback due to longer than expected downtime are all that have surfaced. The stock is still in an uptrend, and volume has come in – perhaps showing a bottom.

A stop in the low 9s, say 9.10, is a decent max pain area – the most recent lows.

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