This afternoon, the United States Gasoline Fund (NYSEARCA:UGA) is trading higher by $1.12 to $58.28 a share. Last week, on Mach 23, 2012 the UGA made a new 52 week high at $58.63 a share. The current pattern on the daily chart of the UGA remains very strong at this time. The next major resistance levels on the daily chart will be around the $55.50, and $60.00 levels.
Rising Gas Prices May Cause Chain Reaction; Cost Flux on Store Shelves Will Result
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Sunoco, Inc. (NYSE:SUN) completed the distribution to its shareholders of 56,660,000 shares of common stock of SunCoke Energy, Inc. owned by Sunoco. After the completion of the distribution, Sunoco no longer owns any common stock of SunCoke.
Sunoco is a leading transportation fuel provider with a network of branded retail locations in 24 states.
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Verizon Communications Inc. (NYSE:VZ) announced its commitment of financial grants amounting to nearly $90,000 in November to West Virginia nonprofit agencies promoting domestic violence prevention and education.
Verizon Communications Inc. provides communication services. The company operates through two segments, Domestic Wireless and Wireline.