Valero's most recent trend suggests a bullish bias. One trading opportunity on Valero is a Bull Put Spread using a strike $49.00 short put and a strike $44.00 long put offers a potential 18.2% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $49.00 by expiration. The full premium credit of $0.77 would be kept by the premium seller. The risk of $4.23 would be incurred if the stock dropped below the $44.00 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 70.39 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Valero
Lifting the Oil Export Ban: Where the Refiners Stand
Tue, 14 Jan 2014 19:02:15 GMT
Motley Fool – Should the United States allow crude oil exports, you might be surprised who agrees.
1 Company Standing Up for the U.S. Oil Export Ban
Tue, 14 Jan 2014 15:34:31 GMT
Motley Fool – Most oil companies are hoping the US government will lift the ban on crude exports, but Valero wants to keep it in place.
How Low Will Energy Stocks Go?
Tue, 14 Jan 2014 15:33:00 GMT
Forbes – Monday was the worst day for the stock market since last November as the Spyder Trust (SPY) was down 1.33%. This was better than the 2% or greater declines in the Philadelphia Housing and Oil Service sectors. The market selloff was blamed on lower crude oil prices along with concerns about the earnings season, which hits full stride this week. So far, 90% of the companies that have released pre-announcements for the earning season have lowered their estimates. Asian markets were hit hard overnight but the losses, so far, are not that bad in the Eurozone. The banks will get the focus today with …
Is It Time to Buy Darling International?
Mon, 13 Jan 2014 21:44:16 GMT
Motley Fool – Darling International is primed to keep growing both organically and through acquisitions. Is it time to buy?
COLUMN-Crude export ban benefits only U.S. refiners: Kemp
Mon, 13 Jan 2014 12:34:35 GMT
Reuters – It is a great time to be an oil refiner, at least if you are located in the central United States and have access to light oil from North Dakota's Bakken formation and similar crudes trapped in the region by transport bottlenecks and the export ban. Valero Energy Corporation, the largest pure refiner in the United States, has seen its stock price almost quadruple from $14 to $53 since August 2010.
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