Valero's most recent trend suggests a bullish bias. One trading opportunity on Valero is a Bull Put Spread using a strike $60.00 short put and a strike $55.00 long put offers a potential 10.86% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $0.49 would be kept by the premium seller. The risk of $4.51 would be incurred if the stock dropped below the $55.00 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 71.89 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
Cowen Raises Estimates on 6 Top Refining Stocks to Buy Now
Thu, 26 Mar 2015 13:20:36 GMT
Point72 Asset Management Raises Its Position in Valero Energy
Wed, 25 Mar 2015 19:07:31 GMT
Refiners: Three Reasons Not to Worry About Narrower Spreads
Wed, 25 Mar 2015 18:55:00 GMT
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Wed, 25 Mar 2015 18:13:18 GMT
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