2007-08-01 13:36:00 · 5 answers · asked by Bryan 4 in Business & Finance ➔ Investing
Analyze the situation and make an informed decision
2007-08-01 13:39:20 · answer #1 · answered by smiling_freds_biz_info 6 · 0⤊ 0⤋
Well i would look at the stock chart for vlo, and you can determine through technical analysis the future price movements.
www.bigcharts.com
We can see that the stock closed the day at 63.58 after about a two week downtrend from its peak. if we draw trend lines we can see that it has support around 62.20 around the 200 moving average and then and support 59.50. Keeping in mind the overall market correction last week and oil prices, this very well might be a good time to add this stock. One of the most important lessons i can share with you however, is never try to catch a falling knife. It might be better to watch it the next few sessions and wait to firm bottom is in and trend begins to reverse, No investor can call exact bottoms or tops all the time and through technical analysis now the stock is showing that it has been oversold , though the other indicators have yet given a buy confirmation yet. So, maybe you wait for the next few sessions and see if reversal up happens and then maybe start with a few shares for a feeler. If the stock breaks through its support it will head lower.
Another key point is resistance a break of 64.65 area would also be a bullish sign and safe assumption that trend has now reversed and will head up.
If you want to talk about technical analysis some in real-time feel free to yahoo message me.
Without knowing your time frame and objectives its hard to give a clear answer, ie investing time frame etc?
With all this said i would say slowly start buying a position
for next uptrend.
2007-08-01 21:52:50 · answer #2 · answered by pickn p 1 · 1⤊ 0⤋
I wouldn't be in a big hurry.
Look at VLO on Yahoo finance, and look at the last couple years chart. From last September to January, it was down around 50 to 55 - and over the last two years, it's really been hanging around 60, give or take. It might just have returned to its reasonable level after a large runup
2007-08-01 20:57:54 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
Overall refining margins have dropped considerably from the previous quarter. I would hold off a purchase.
2007-08-04 17:27:11 · answer #4 · answered by scow_sailor1692 3 · 0⤊ 0⤋
i would buy.
2007-08-02 09:01:49 · answer #5 · answered by bizzbagg 4 · 0⤊ 0⤋