Valero's most recent trend suggests a bullish bias. One trading opportunity on Valero is a Bull Put Spread using a strike $45.00 short put and a strike $40.00 long put offers a potential 8.7% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $45.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $40.00 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Valero is bearish and the probability of a decline 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 below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for Valero
Valero Poised at Neutral
Tue, 03 Dec 2013 23:20:05 GMT
Zacks – We maintained our recommendation for Valero Energy Corporation at Neutral on Nov 29, 2013.
2014 Looking Good For Refiners: Valero, HollyFrontier, Tesoro
Tue, 03 Dec 2013 20:38:29 GMT
Are Refiners Ready for This Curveball?
Tue, 03 Dec 2013 15:02:28 GMT
Motley Fool – With falling tensions between Iran and the West, more Iranian crude may start flowing, and some U.S. refiners will pay the price.
Crude Oil Refiners Are in a Sweet Spot
Mon, 02 Dec 2013 20:30:00 GMT
Minyanville – Refiners are taking advantage of increased US crude oil production and are aiding the US trade balance as a positive externality.
Refiners Will Profit From Breaking Down 1 Wall and Building Another
Mon, 02 Dec 2013 17:22:03 GMT
Motley Fool – The reduction of the Renewable Fuels Standard requirements, and the buildup of crude from a lack of export capacity, could make good times for Valero, Phillips 66, and Marathon Petroleum.
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