Stock in Focus: Petron Corp. (PCOR)

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Petron Corporation (stock symbol: PCOR) has yet to recover from the downside gap it encountered last August. The stock even reached its lowest price since February 2013 before achieving a short-term rally back up.

Philippine Stock Exchange, Petron Corporation_PCOR Daily chart, October 27, 2014

PCOR Daily chart, October 27, 2014

The MACD Oscillator (MACD-O) has glided back above the zero level but price has yet to make a convincing comeback.

Short-term resistance is right at 13. I’ve set the near-term lines in the sand at 10 pesos and 15 pesos. Those who like this stock should keep these borders in mind.

NOTE: My last post on Petron Corporation was over 2 months ago. If you want a monthly analysis of this stock (and all PSE Index stocks plus over 10-30 bonus analysis articles) or another specific stock, you should consider getting a Platinum Premium Subscription. If you join us, you get to learn and earn while supporting school kids and our donation drives!

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