The Traderszone Network

Published in TZ Latest News 6 July, 2015 by The TZ Newswire Staff

Energy Plays Valero, Marathon Touch New Highs

Despite a tumble in oil prices Monday, two energy stocks fresh out of bases touched new highs. One, Valero Energy (VLO) of San Antonio, operates 15 refineries with a capacity of 2.9 million barrels a day, along with 11 ethanol plants. The stock broke out of a cup base last week and is still within range of a 64.59 buy point. It rose 0.62 to close at 65.34. The company has a five-year annualized earnings growth rate of 44%.

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