Valero's most recent trend suggests a bullish bias. One trading opportunity on Valero is a Bull Put Spread using a strike $47.50 short put and a strike $42.50 long put offers a potential 29.2% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $47.50 by expiration. The full premium credit of $1.13 would be kept by the premium seller. The risk of $3.87 would be incurred if the stock dropped below the $42.50 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 64.36 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Valero
Latam Products Tenders Summary-Biggest fuel tenders awarded
Mon, 27 Oct 2014 21:07:33 GMT
Reuters – Oil, refining and trading firms Noble Group, Valero Energy, Glencore, ATMI and Repsol have been recently awarded with tenders to buy or sell products as Latin American demand of imported finished fuels …
Valero Energy Corporation Declares Regular Cash Dividend on Common Stock
Thu, 23 Oct 2014 12:28:00 GMT
PR Newswire – SAN ANTONIO, Oct. 23, 2014 /PRNewswire/ — The Board of Directors of Valero Energy Corporation (NYSE: VLO, “Valero”) has declared a regular quarterly cash dividend on the company's common stock …
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