Valero's most recent trend suggests a bullish bias. One trading opportunity on Valero is a Bull Put Spread using a strike $109.00 short put and a strike $104.00 long put offers a potential 21.95% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $109.00 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $4.10 would be incurred if the stock dropped below the $104.00 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 above 80 which suggests that the stock is in overbought territory.
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
How Valero Stock Performed on Earnings Release Day
Mon, 30 Apr 2018 21:30:02 +0000
Valero Energy (VLO) announced its results on April 26 before the market opened. Valero stock opened at $109.8 per share, which was above the previous day’s close of $108.7. The rise was likely because VLO’s 1Q18 earnings surpassed analyst estimates. The stock saw highs of $111.8 and lows of $106.9 during the day. Eventually, Valero stock closed at $111.5, around 2.6% higher than the previous day’s close. This was in line with peers and the broader market.
Marathon to become top U.S. refiner with $23 billion Andeavor buy
Mon, 30 Apr 2018 21:14:54 +0000
The United States has become the world's top fuel exporter, shipping more than 3 million barrels per day (bpd) of gasoline and diesel. Refiners have capitalized on booming output from shale fields in Texas and North Dakota and are building out export terminals and processing facilities. Buying Andeavor gives Marathon more exposure to the booming U.S. shale oil sector, thanks to Andeavor's existing logistics and terminal operations in Texas and North Dakota shale regions.
What Drove Valero’s Refining Margin in 1Q18?
Mon, 30 Apr 2018 19:56:20 +0000
Valero Energy (VLO) posted its 1Q18 results on April 26. The company surpassed Wall Street analysts’ estimates. For more on this, please read Valero’s 1Q18 Earnings Beat Estimates, Refining Margins Expand. In this series, we’ll review the results in detail beginning with the refining margin.
3 Possible Refining Takeover Targets After Marathon-Andeavor Merger
Mon, 30 Apr 2018 19:42:00 +0000
CVR, HollyFrontier and Delek are all smaller refiners that could help the big industry players expand their geographic reach.
Marathon Petroleum to Acquire Andeavor: ANDV Opens 10% Higher
Mon, 30 Apr 2018 16:00:57 +0000
Marathon Petroleum (MPC) and Andeavor (ANDV) entered an agreement to merge today. As per the agreement, MPC will buy all the outstanding shares of ANDV to create a huge world-class downstream company.
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