Tuesday, August 28, 2012

Chart of The Day: Valero Energy

Chart of the Day Valero Energy (VLO)

Valero Energy is a petroleum refiner and in the next couple of days as hurricane Isaac makes landfall Valero is planning on shutting down 2 of its refeinry operations in the Gulf.  Despite Isaac's landfall Valero broke out today to a new 52 week high on heavy volume, and the refiner seems to be in a good position going into the fall to continue its move up.

 

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