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Zacks #1 Stocks on the Move 05/17/2013

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VIASAT INC VSAT
19.35%
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4.61%
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4.47%
SYNCHRONOSS SNCR
4.23%
Buyers Accumulate Shares of China Petroleum & Chemical, Up 1.4%

Print Share

Dec 19, 2012 (Market movers via COMTEX) -- China Petroleum & Chemical (NYSE:SNP) is a company whose shares are active, trading 1.4% higher to $113.72. The S&P is currently trading fractionally lower to 1,444 and the Dow Jones Industrial Average is trading fractionally lower to 13,348.

China Petroleum & Chemical (NYSE:SNP) has potential upside of 0.0% based on a current price of $113.72 and analysts' consensus price target of $113.72. China Petroleum & Chemical shares have support at the 50-day moving average (MA) of $104.59 and additional support at the 200-day MA of $99.05.

In the past 52 weeks, shares of China Petroleum & Chemical have traded between a low of $82.51 and a high of $125.36 and are now at $113.72, which is 38% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.9%.

China Petroleum and Chemical Corporation (Sinopec) explores for and produces crude oil and natural gas in China. The Company also owns refineries that make petroleum and petrochemical products such as gasoline, diesel, jet fuel, kerosene, ethylene, synthetic fibers, synthetic rubber, synthetic resins, and chemical fertilizers. In addition, Sinopec trades petrochemical products.

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