PBF

The Chart of the Day belongs to PBF Energy (PBF).  I found the petroleum refining stock by using Barchart to sort today's New High list for the highest number of new highs in the last month then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 10/1 the stock gained 29.71%.

PBF Energy Inc. operates as a petroleum refiner and supplier. The Company offers unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. Its refineries are located in Toledo, Ohio, Delaware City, Delaware and Paulsboro, New Jersey. The company sells its products in the northeast and Midwest United States, as well as in other regions of the United States and Canada. 



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The 7 Day Average Directional Indicator was an effective technical trading strategy but did cause excessive trading.