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Valero Energy (VLO) Stock Uptrend: Could Gain 15%

NEW YORK (TheStreet) -- Valero Energy Corp. (VLO - Get Report) has been improving since its August low. Prices have made higher lows and higher highs -- the simple definition of an uptrend. The On-Balance-Volume line is rising and prices have swung back and forth around the 50-day Moving Average.

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In this chart above, we can see a long uptrend for VLO interrupted by lengthy corrections. The OBV line is positive and the Moving Average Convergence Divergence oscillator is poised for a new buy signal with a crossover above zero. VLO could rally into the mid-$70s in the next couple of months.

Separately, TheStreet Ratings team rates VALERO ENERGY CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

We rate VALERO ENERGY CORP (VLO) a BUY. This is based on the convergence of positive investment measures, which should help this...