Valero's most recent trend suggests a bearish bias. One trading opportunity on Valero is a Bear Call Spread using a strike $60.00 short call and a strike $65.00 long call offers a potential 17.92% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $60.00 by expiration. The full premium credit of $0.76 would be kept by the premium seller. The risk of $4.24 would be incurred if the stock rose above the $65.00 long call 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 down which suggests that the medium-term momentum for Valero is bearish.
The RSI indicator is at 32.53 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Valero
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Wed, 17 Feb 2016 11:56:52 GMT
Understanding PBF’s 4Q15 Earnings by Segment
Fri, 12 Feb 2016 23:02:49 GMT
Valero (VLO) Stock Closed Up as Surging Oil Prices Overshadow Rejected Project
Fri, 12 Feb 2016 21:14:00 GMT
Valero Energy sues U.S. EPA over biofuels plan
Fri, 12 Feb 2016 17:29:23 GMT
Reuters – Valero Energy Corp filed lawsuits against the U.S. Environmental Protection Agency on Friday to push the regulator to alter a U.S. policy designed to boost use of renewables in transportation fuels. The country's top refiner and No. 3 ethanol producer filed a challenge with the U.S. Court of Appeals in Washington to review the EPA's latest Renewable Fuel Standard plans for 2014-2016. It also asked the court to reopen its standards from 2010 and 2007, said Frank Maisano, a partner with Valero's law firm, Bracewell LLP.
Crude Hits Hurdle as U.S. Gasoline Glut Puts Brakes on Refining
Thu, 11 Feb 2016 18:40:00 GMT
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