Valero's most recent trend suggests a bearish bias. One trading opportunity on Valero is a Bear Call Spread using a strike $57.00 short call and a strike $62.00 long call offers a potential 14.42% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $57.00 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 rose above the $62.00 long call 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 at 32.56 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Valero
ETF’s with exposure to Valero Energy Corp. : May 9, 2016
Mon, 09 May 2016 20:04:32 GMT
Valero Focuses on Refinery Growth in Texas, Louisiana, an Industrial Info News Alert
Mon, 09 May 2016 11:45:00 GMT
Marketwired – Researched by Industrial Info Resources — Petroleum refining giant Valero Energy Corporation has two major Houston, Texas projects in the works, with one set for startup in the second quarter of this …
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Fri, 06 May 2016 21:00:52 GMT
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Fri, 06 May 2016 12:31:00 GMT
VALERO ENERGY CORP/TX Files SEC form 10-Q, Quarterly Report
Thu, 05 May 2016 16:41:20 GMT
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