Valvoline, Inc. (VVV)
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,
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