Valvoline, Inc. (VVV) - Trade Stocks

Valvoline, Inc. (VVV)

By Fri, Nov 19, 2021

With energy costs rising everywhere, oil is hard to ignore.

Even synthetic oil!

That’s why today’s Chart of the Week is Valvoline, Inc. (VVV).

Valvoline is a household name when it comes to oil changes for your car, but what’s less known is that Valvoline is also a great dividend stock.

In fact, today’s COTW came from our Young Aristocrats Report, which scans a universe of stocks who have raised their dividends every year for between 5-9 consecutive years. 

There’s a great uptrend here that we’re going to ride up.

We are long above 52 with a target of 76.

Below 52, we’re just watching, but once it breaks that level we are in for a nearly 50% gain.

If you prefer options, the April56 calls are another way to take advantage of the uptrend in VVV.

Til next week, good trading,

JC Parets

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About the Author

JC Parets, founder of All Star Charts, specializes in finding the most opportunistic risk vs. reward propositions while at the same time bringing a top/down approach to the marketplace whose wide spectrum is rivaled by few. JC begins with a long-term global macro perspective and then works his way down to the individual sector and industry level before ultimately isolating the stocks that best portray a particular thesis. Price is the most important technical indicator, but JC uses supplements such as Momentum, Relative Strength, and Fibonacci analysis to complete the process.