Valero Energy Corp.(VLO) has rising momentum with an uptrend

(28-Apr-2008) (28-Apr-2008) Valero Energy Corp.(VLO) closed at 52.93, up 1.08 or 2.08 % for the day. Based on our analysis, Valero Energy Corp.(VLO) has rising momentum with an uptrend.

The closing price of Valero Energy Corp.(VLO) is above its 50 day moving average of 52.85 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Valero Energy Corp.(VLO) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 28-Mar-2008, about 23 trading days ago.