blue horseshoe loves VLO

no reason -- just like today's volume and candle - and being a contrarian -- gotta be long here!

think it gets marked higher over next 45 days !

comments

IcE

 

i see a head and shoulders down pattern and resistence at 55...i pass.

 

They reported a decent quarter but 5% earnings beat on 20% revenue beat- that's suspicious.

Plus refining margins are heading lower again. Range trading at best.
jmho

 

but how wide is the range on this one ?

 

The stock is bearish. It may have 1 to 2 dollar upside, but it has a 10 dollar downside potential.

 

I think the range will be 48 to 56

 

VLO

well will it hit 55 or <50 by expiry?

 

That's a tough one to answer. The stock is both long and intermediate term BEARISH. It is short term BULLISH. The overall market is long and intermediate term bullish, and short term bearish. This would lead me to believe that the stock won't have much upward movement because it is fighting against the current trend of the market. The stock definitely has more downside potential than it has upward potential. The timing of that potential is anyone's guess.

 

y, but maybe there will be some rotation counter to st trend

 

If the Dem's do well in the elections, this name could see short-term pressure. Unless you think we will be going to a 100% electrically powered economy, I can't see how it is not a long term winner. Refineries are scare assets, and they are the biggest.