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.
