Phillips 66 (PSX) is a diversified energy manufacturing and logistics company with refining, midstream and chemicals. The stock price has climbed higher since late June and is now standing at a new 52-week high.
Let's check the charts and indicators for price targets and more.
In the daily bar chart of PSX, below, I can see that the shares have broken above the highs of November and January. PSX trades above the rising 50-day moving average line and above the rising 200-day line.
The On-Balance-Volume (OBV) line has been on a sharp move higher as buyers of PSX have been more aggressive than sellers. The Moving Average Convergence Divergence (MACD) oscillator is in a bullish alignment above the zero line.