HF Sinclair (DINO) Shares Soar 4.43% on Fifth Consecutive Gain

HF Sinclair (DINO) shares surged 4.43% today, marking the fifth consecutive day of gains, with a total increase of 11.23% over the past five days. The stock price reached its highest level since December 2024, with an intraday gain of 4.94%.

The strategy of buying DINO shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -3.5%, significantly underperforming the market. This indicates that relying on recent highs as a buying trigger and holding for a short duration is not a profitable strategy for DINO.

HF Sinclair's recent stock price surge can be attributed to a buy signal issued from a pivot bottom point on April 8, 2025. Since then, the stock price has risen by 50.83%, indicating strong market confidence in the company's future prospects. This upward trend is expected to continue until a new top pivot point is reached, suggesting that investors are optimistic about the company's growth potential.