Valero's most recent trend suggests a bullish bias. One trading opportunity on Valero is a Bull Put Spread using a strike $50.00 short put and a strike $45.00 long put offers a potential 10.62% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $50.00 by expiration. The full premium credit of $0.48 would be kept by the premium seller. The risk of $4.52 would be incurred if the stock dropped below the $45.00 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 58.61 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
Barclays: Time to Buy Refiners
Mon, 17 Mar 2014 18:18:00 GMT
When Will Global Oil Demand Peak?
Sun, 16 Mar 2014 16:04:02 GMT
Sidestepping Government Regulations Isn't as Hard as It Seems
Sun, 16 Mar 2014 15:21:57 GMT
[$$] Outgoing Valero CEO's $7 Million Sale
Fri, 14 Mar 2014 21:03:00 GMT
MLP Investors Watch For The Drop
Fri, 14 Mar 2014 06:38:03 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook