Brian Shannon on $VLO (Oct 27, 2026)
Valero is a nice stock and the speaker likes refiners, but he is not a buyer here: after a pullback to the 50-period moving average it trades below its 5-day moving average, so others can try to call a bottom. If it starts to stabilize he would be interested, but here it has to prove itself.
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We don't have much news about Valero today. I don't know if you deserve to hear this from me. and Valero is a really nice stock right now. I'm looking into it myself, Brian, when their next earnings report is.
This has been confirmed. Oh, it's already done. October 22nd. So we've gone over Valero's income. A nice pullback is visible here. I like refiners, but look, it's at the 50-period moving average.
Does this chart tell you anything? Actually, nothing much. I mean, yes, the 50-day moving average is right there. We might also look at this anchor point, I chose that point by chance because that's where the Momentum campaign started.
So it makes things a little more interesting in this zone. But as always, I see it's below the 5-day moving average and that tells me to let anyone else who's trying to find a bottom here get bloody.
If it starts to stabilize, then I'll be interested, but here it has to prove itself.