BUY! VALERO ENERGY CORP (VLO) NYSE

  Report No. 2118    Analysis by: Harry Aloof     APRIL 4, 2005

VALERO ENERGY CORP (VLO-NYSE): Technical Viewpoint: From a low of $64.41 on Mar 16, 2005 prices rallied, reaching a high of $73.76 on Mar 24, 2005. A decline saw prices pull back, reaching a low of $67.81 on Mar 30, 2005. Another rally saw prices penetrate resistance, closing 4/1/05 at $77.76. Technicals: MACD Index (MACD): A Buy Alert! was given on Apr 1, 2005 when the solid line crossed the dotted line to the upside. Support: Remains at $67.50. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Apr 2, 2005. A P&F upside reversal takes place at $75.00. Summary: Technical indicators have turned bullish. BUY! VALERO ENERGY CORP (VLO-NYSE) @ $78.13 Stop: Use a protective stop of $75.38. VALERO ENERGY CORP is currently trading @ $77.76 plus $4.49 on Apr 1, 2005. Price Objective: $92.50. Risk/Reward: $2.75 VS. $14.37. Today's Risk Reward Ratio: 5:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$92.50 Risk/Reward:
$2.75 VS. $14.37 Risk/Reward Ratio:
5:1
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