Valero Energy stock saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 69 to 76.
This exclusive rating from Investor's Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves. See if Valero Energy stock can continue to show renewed price strength and clear that threshold.
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Is Valero Energy Stock A Buy?
Valero Energy stock reclaimed its 50-day moving average on Monday. The energy stock is currently not in a proper buying area. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Although earnings and sales growth came in at -54% and -13%, respectively, in the latest report, that marked acceleration for both EPS and revenue. Valero Energy is expected to release its next quarterly numbers on or around Jul. 25.
Valero Energy stock earns the No. 10 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Targa Resources, Genesis Energy and Sunoco are among the top 5 highly rated stocks within the group.
