( Yesterday close ) Chart courtesy of stockcharts

Valero shares are today very active after Banc of America upgrade stock to Buy from Neutral. Looking at the daily chart, stock is trading in a clear downtrend since the recent highs on October. Indicators are also showing some weakness around stock and many uncertainties, so let’s see if this upgrade will give a tone to Bulls comes back again. Keep an eye for a possible breakout over $66, the major resistance at this moment.

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