This is a FullyInformed USA Members Trade Alert. I have written a number of articles on Phillips 66 Stock this year. The stock has been in a strong uptrend until the drop this week. Today a new trade took place in Phillips 66 stock. The stock trades under the symbol PSX on New York.
Trading at just 15.9 times price to earnings which is below the industry average, Phillips 66 is slowly losing market share in an industry that in general is having trouble growing new markets. Oil and Gas Refining in general is seeing declines in growth and revenue so investors need to monitor these types of trades closely. The option premiums available in Phillips 66 indicates the risk that is associated with trading within the oil and gas refining sector as a whole. The higher the volatility in the underlying stock, the higher the option premiums. But higher option premiums also indicates an elevated risk of loss. This is why I use technical indicators to pinpoint moments to enter a trade and to exit it.
Phillips Stock (PSX) Trade Details for June 27 2014
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