Delek US Holdings Inc. (ticker: DK) momentum breakout alert!

TRADING IDEA

Delek US Holdings, Inc. engages in petroleum refining, and the transportation, storage, and wholesale distribution of crude oil. Read the full profile here.

STRATEGY

Momentum Breakout Setup (Short term)

1. strong increase during last trading session (+4.53%)
2. impressive buying volume
3. closing price higher than $25.5 (latest resistance)
   

May 3, 2022, Delek US Holdings announced its financial results for the first quarter 2022

ACTUAL SETUP

• Buy Stop | $26.04
• Limit | $26.15
• Stoploss | $23.92 (below SMA10)
• Target | Hold between 2 - 5 days
  
  

STOCK SCREENING SETTINGS

Through this link you can check the other stocks that were also withheld with the same screen filter (05/03/2022- EOD).

ADDITIONAL INFO/TIPS

• Use our ChartMill Postion Sizing Tool to calculate the maximum number of shares you can buy, depending on your available capital!
• Why using Stop Limit Orders?

Disclaimer: These trading ideas are merely to demonstrate what ChartMill is capable of and shows some typical results of a breakout filter. It is in no way actual financial advise to invest or trade in these stocks. The author has no pre-existing position in any of these stocks.