Valero Energy: Strong Short As Chart Signals 'Sell' Alert
InTheMoneyStocks.com | Apr 17, 2018 02:34PM ET
Shares of Valero Energy (NYSE:VLO)) hit an epic trend-line resistance point Tuesday at $106. With oil closing in on $70.00/bbl, investors should expect a sharppull back in the refiners on a narrowing crack spread. This trend line alerts to the trigger price and members have acted on it. Per the chart, expect downside to be $98 in the near-term and $70 long-term. Every metric is signaling a top on the stock. Be ready for the downside.
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