Valero's most recent trend suggests a bullish bias. One trading opportunity on Valero is a Bull Put Spread using a strike $53.00 short put and a strike $48.00 long put offers a potential 23.15% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $53.00 by expiration. The full premium credit of $0.94 would be kept by the premium seller. The risk of $4.06 would be incurred if the stock dropped below the $48.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Valero is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Valero is bullish.
The RSI indicator is at 70.18 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Valero
Valero Energy ‘Best Positioned,' Morgan Stanley Says
Mon, 18 Aug 2014 18:23:00 GMT
VALERO ENERGY CORP/TX Financials
Fri, 15 Aug 2014 17:04:25 GMT
Must-know: Comparing Valero to its peers
Tue, 12 Aug 2014 21:00:10 GMT
Must-know: Valero’s recent market performance
Tue, 12 Aug 2014 17:00:13 GMT
Oil & Gas Stock Roundup: Kinder Morgan Soars on $70B Restructuring Mega-Deal
Tue, 12 Aug 2014 13:59:13 GMT
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