HF Sinclair Corporation (DINO) is an energy company that manufactures and sells gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, and specialty and modified asphalt, among other products. A Real Money subscriber asked for my technical take on the stock. Frankly, I wasn't familiar with the name but I liked the symbol as it reminded me of the Flintstones character.
In the daily bar chart of DINO, below, we can see that the shares have rallied strongly since early March. DINO is trading above the rising 50-day moving average line and above the rising 200-day line. It looks like the uptrend accelerated when prices closed above $41.
The daily On-Balance-Volume (OBV) line has broken out over its February high to confirm the price breakout and price strength to date. The Moving Average Convergence Divergence (MACD) oscillator is in a bullish alignment above the zero line.