The Stock for Today: Western Refining Inc. (WNR)

Hello my friends.  Yesterday´s market showed nervousness at the June job report. The unemployment situation in the U.S. has become the main driver of the market in recent months. This was seen very clearly yesterday, especially in the early hours of the morning, after heunveiled this report. In the afternoon, howevwer, the market recovered slightly, giving a relative good sign.
From this week, the companies will begin to submit their quarterly reports, which will likely lead to greater volatility. Despite these factors, the market is showing good momentum. The major indexes are close to a major resistance level. If they ca overcome them, we would be entering a new way up.
Today I want to show you Western Refining Inc. (WNR). The stock broke their resistance level yesterday, closing at US$20.61 (+5.42%). Its volume was 6.28M shares, almost twice its daily average. An interesting aspect to mention is this break occurs after five months of consolidation, which provides a solid basis to expect a positive performance to WNR. Please click on the chart to enlarge.