Stock in Focus: Petron Corp. (PCOR)

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The tug of war between the bulls and bears of Petron Corporation (stock symbol: PCOR) remains in force around the 14 psychological level. This tug of war has been going on since last month, following a brief run-up from the 13 level.

The Money Flow Index (MFI) is now well above the 50 level, and it could go higher if price breaks northward.

Near-term resistances are located at 14.50 and 15.

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PCOR Daily chart, January 6,2014

PCOR Daily chart, January 6,2014


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