The Relative Strength (RS) Rating for Valero Energy moved up into a higher percentile Thursday, as it got a lift from 67 to 76.
Can You Really Time The Stock Market?
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating as they begin their biggest climbs. See if Valero Energy can continue to show renewed price strength and hit that benchmark.
Valero Energy is working on a cup without handle with a 155.12 entry. See if it can clear the breakout price in heavy volume.
In terms of fundamentals, the company has posted rising EPS growth over the last three quarters. Sales growth has been a different story, coming in at -13% in the latest report.
The company earns the No. 16 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Par Pacific Holdings, Targa Resources and HF Sinclair are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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