Valero's most recent trend suggests a bullish bias. One trading opportunity on Valero is a Bull Put Spread using a strike $55.00 short put and a strike $50.00 long put offers a potential 14.42% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $55.00 by expiration. The full premium credit of $0.63 would be kept by the premium seller. The risk of $4.37 would be incurred if the stock dropped below the $50.00 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 51.4 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
Updated Research Report on Valero
Mon, 02 Jun 2014 22:10:10 GMT
Valero: Leading Refiner Seems Cheap And Attractively Positioned, But Untimely
Mon, 02 Jun 2014 19:38:10 GMT
COLUMN-U.S. refiners struggle with too much light crude: Kemp
Mon, 02 Jun 2014 15:44:51 GMT
Reuters – U.S. oil production is set to increase by another 2 million barrels per day in 2014-15. More than 60 percent of the forecast growth will consist of light oils with a specific gravity of 40 degrees API or higher, according to the U.S. Energy Information Administration (“U.S. crude oil production forecast: analysis of crude types”, May 29). But with imports of competing crudes from West Africa already reduced close to zero, U.S. refineries will be unable to process all this extra oil without enormous investment in equipment.
Here's Why Ending the U.S. Crude Oil Export Ban Matters for You
Sun, 01 Jun 2014 23:32:34 GMT
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Fri, 30 May 2014 17:23:28 GMT
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