Valero's most recent trend suggests a bullish bias. One trading opportunity on Valero is a Bull Put Spread using a strike $39.00 short put and a strike $34.00 long put offers a potential 21.95% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $39.00 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 $34.00 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.
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LATEST NEWS for Valero
Refiner bulls in a frenzy for Valero
Tue, 22 Oct 2013 17:20:46 GMT
optionMONSTER – Option activity is through the roof in Valero Energy as money streams into refinery stocks. Some 51,000 contracts have traded in VLO so far today, compared with less than 11,000 in a typical session. Calls …
Refinery Stocks Doing Well
Tue, 22 Oct 2013 16:33:57 GMT
Seeking Alpha – Eight days ago I recommended buying U.S. oil refinery stocks such as Marathon Petroleum ( MPC ) and Valero Energy ( VLO ) and Master Limited Partnerships such as Alon USA Partners ( ALDW ), not to be confused …
Energy stocks fall; Devon bucks trend on MLP news
Mon, 21 Oct 2013 21:31:19 GMT
MarketWatch – Energy stocks edge lower, but Devon Energy bucks the trend with news it is forming a new master limited partnership.
USDA offers $181 mln to help build advanced biofuel refineries
Mon, 21 Oct 2013 18:11:28 GMT
Reuters – The U.S. government on Monday announced $181 million in loan guarantees to build commercial-size refineries making advanced biofuels or to retrofit existing biorefineries to produce the cleaner-burning …
Occidental Plans to Shed Assets
Fri, 18 Oct 2013 15:58:28 GMT
Fox Business – Occidental Petroleum plans to shed some of its assets and reduce its stake in Plains All-American Pipeline, taking its first steps as part of a strategic review.
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