TECHNICALS - VLO

That is a chart of VLO- the oil refiner and all of a sudden the chart and the fundamentals are looking darn good. Our guy Cramer came out with a big sell on the refiners in mid February and he could not have made a worse call. How can someone as guru like as he call the exact bottom
with his sell call?

What I have noticed is that this stock along with FTO move up almost everyday and if gasoline gets expensive this summer, these stocks will be primary beneficiaries. The company is slated to earn in the $7 to $8 range this year so its not a very expensive stock. Management is also known to be top notch. I would like to buy pullbacks in VLO to the mid 50's and I do own some at considerably lower prices.