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 5.04% return on risk over the next 31 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 $0.24 would be kept by the premium seller. The risk of $4.76 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 22.73 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 downgraded by Tudor Pickering
Mon, 16 May 2016 13:27:54 GMT
3 Value Stocks Near 52-Week Lows Worth Buying
Fri, 13 May 2016 11:42:00 GMT
Valero Energy Corporation Declares Regular Cash Dividend on Common Stock
Thu, 12 May 2016 21:27:04 GMT
noodls – Valero Energy Corporation Declares Regular Cash Dividend on Common Stock SAN ANTONIO, May 12, 2016 – The Board of Directors of Valero Energy Corporation (NYSE: VLO) (‘Valero') has declared a regular quarterly …
Valero Energy Corporation Declares Regular Cash Dividend on Common Stock
Thu, 12 May 2016 20:37:14 GMT
GlobeNewswire – SAN ANTONIO, May 12, 2016– The Board of Directors of Valero Energy Corporation has declared a regular quarterly cash dividend on the company’ s common stock of $0.60 per share. The dividend is payable …
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