VALERO ENERGY CORP
(VLO-NYSE):
Technical Viewpoint: From a low
of $64.41 on Mar 16, 2005 prices
rallied, reaching a
high of $73.76
on Mar 24, 2005. A
decline saw prices pull back, reaching a
low of
$67.81 on Mar 30, 2005.
Another rally saw prices penetrate
resistance, closing 4/1/05
at $77.76. Technicals: MACD Index (MACD): A Buy Alert!
was given on Apr 1, 2005 when the solid line crossed the dotted line to the upside.
Support: Remains at $67.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 2, 2005. A P&F upside
reversal takes place at $75.00. Summary: Technical indicators have turned bullish. BUY! VALERO ENERGY CORP
(VLO-NYSE) @ $78.13 Stop: Use a protective stop of $75.38.
VALERO ENERGY CORP is currently trading @ $77.76 plus $4.49 on Apr 1, 2005. Price Objective:
$92.50. Risk/Reward: $2.75 VS. $14.37. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$92.50
Risk/Reward:
$2.75 VS. $14.37
Risk/Reward Ratio:
5:1
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