Valero Energy Corp

VLO remains in a strong Stage 2 advancing uptrend with a parabolic acceleration into fresh highs. However, price is extended significantly above rising EMAs and exhibiting extreme overbought signals, making immediate entry unfavorable. We prefer to stalk for a pullback into the 9- or 20-day EMA support zones around recent consolidation, while medium- and long-term biases stay bullish.

• ↑Q2 net income $3.7B ($12.62/sh), up 418% YoY, beating estimates
• ↑Refining op income $4.5B on 3.0M bbl/d throughput, tripled YoY
• ↓Negative profitability score indicates efficiency challenges