Bullish DailyPlay for Thursday Feb 1st, 2018 – Valero Energy (VLO)
The bullish DailyPlay we chose for Thursday Feb 1st is Valero Energy (VLO). VLO is part of the Energy Sector (XLE). Over the last month, XLE has experienced a 3.58% move higher and its 1m and 6m trend has turned bullish on 11/30 and recently bounced higher off its $74 support level.
Valero Energy’s 1m and 6m trends turned bullish on 8/24 and recently bounced higher off its $95 support level. With a technical score of 9 (out of 10), VLO is a strong bullish stock that will likely continue higher.
As a stop loss, if VLO was to trade below $95 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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