One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Valero Energy now clears that threshold, with a jump from 79 to 83 Thursday.
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This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest price moves.
Valero Energy is within a buying range after moving past a 155.12 buy point in a cup without handle. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity.
In terms of top and bottom line numbers, the company has posted three quarters of accelerating earnings growth. Sales gains have not followed the same trajectory, coming in at -13% in the latest report.
The company earns the No. 14 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Par Pacific Holdings, HF Sinclair 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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