The Largest Corporate Spinoff in 1980
Posted: October 17, 2013 Filed under: Double Bottom | Tags: energy, Valero, Valero Energy Corporation, VLO
Valero was established in 1980 as a result of a spinoff of Coastal Gas Corp, which was at that time the largest spinoff in US history. Fast forward today on the technical side…Valero Energy (VLO) almost completed a double bottom continuation pattern with a neckline at $37.50. A break through the neckline targets $41.50.