Posted: November 27, 2013 Filed under: rectangle | Tags: energy, HFC, HollyFrontier, Oil and Gas, Valero Energy Corporation, VLO
HollyFrontier (HFC) completed a continuation rectangle by closing above 47.20. Furthermore, the stock is now above its 200 MA first time since early June. HFC is in the same sector as Valero (VLO) Oil & Gas Refining and Marketing. Take a look at an earlier post on VLO. Notice anything ? Target is $54.50
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.