Valero Energy saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 63 to 73.
Can You Really Time The Stock Market?
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves. See if Valero Energy can continue to show renewed price strength and clear that threshold.
Valero Energy is not currently offering a proper buying opportunity. See if the stock goes on to form a base that could spark a new run.
Although earnings and sales growth came in at -77% and -5%, respectively, in the latest report, that marked two straight quarters of acceleration for EPS and two for revenue.
The company earns the No. 16 rank among its peers in the Oil & Gas-Refining/Marketing industry group. UGI, Global Partners and Targa Resources 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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