Inco (N) shows a very similar setup to VLO last week. Missed the early entry, so had to pay up about 1%.. as buy volume started flowing in.. I couldn’t just watch it go w/out me. Just got long at 42.10 for long-term accounts, and am looking for a multi-month up move here.
I would stop out the trade if N broke 39.50, so it requires about $2.60/share (~ 6%) of risk.
Long N, VLO
