When building your watch list, focus on stocks with an 80 or higher RS Rating. Valero Energy just cleared that benchmark with an upgrade from 77 to 81.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
History shows that the market's biggest winners tend to have an RS Rating of over 80 in the early stages of their moves.
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Valero Energy is trying to complete a consolidation with a 150.39 buy point. It had fallen along with the rest of the market, but is fighting the good fight, against all odds, moving higher for two days. See if the stock can continue higher, then break out in volume at least 40% higher than normal.
Valero Energy posted negative growth for both sales and earnings last quarter.
The company holds the No. 10 rank among its peers in the Oil & Gas-Refining/Marketing industry group. ConocoPhillips , Par Pacific Holdings and CVR Energy are also among the group's highest-rated stocks.
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