Tuesday, March 17, 2009

Oh my valero


I'm already in VLO for about 1000 shares, so I can't justify jumping on more. But goodness, this chart looks mighty bullish, with an easy stop at 14.50, a short term target of 25 and a medium term target of 35, with some potential resistance around 30. In short, 18.50 to 25 would be a 35% move itself. This is a great spot here even by buy-and-hold fellers for 5 years from now.

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