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VALERO ENERGY CORP
(VLO-NYSE):
Technical Viewpoint: From a low
of $32.20 on Jan 28, 2003 prices
rallied, reaching a
high of $38.40
on Feb 7, 2003. A
decline saw prices pull back, reaching a
low of
$35.51 on Feb 13, 2003.
Another rally saw prices penetrate
resistance, closing 2/24/03
at $38.82. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 6, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $36.50. Resistance: Is at $38.89.
Point & Figure: Reversed to the upside on Feb 21, 2003. A P&F upside
reversal takes place at $37.00. Summary: Technical indicators have turned bullish. BUY! VALERO ENERGY CORP
(VLO-NYSE) @ $38.88 Stop: Use a protective stop of $36.88.
VALERO ENERGY CORP is currently trading @ $38.82 plus $1.31 on Feb 24, 2003. Price Objective:
$55.00. Risk/Reward: $2.00 VS. $16.12. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$55.00
Risk/Reward:
$2.00 VS. $16.12
Risk/Reward Ratio:
8:1
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