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