Valero's most recent trend suggests a bullish bias. One trading opportunity on Valero is a Bull Put Spread using a strike $113.00 short put and a strike $108.00 long put offers a potential 25% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $113.00 by expiration. The full premium credit of $1.00 would be kept by the premium seller. The risk of $4.00 would be incurred if the stock dropped below the $108.00 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 70.86 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
Trump administration's ethanol decision expected to benefit refining companies, corn farmers
Fri, 11 May 2018 17:05:09 +0000
The Trump administration's planned changes to the renewable fuel standard are expected to benefit San Antonio-based Valero Energy Corp. and corn farmers.
US Distillate Inventories Support Diesel and Oil Prices
Thu, 10 May 2018 16:35:15 +0000
According to the EIA, US distillate inventories decreased by 3.8 MMbbls (million barrels) to 115 MMbbls on April 27–May 4. The inventories also dropped by 33.7 MMbbls or ~23% from a year ago.
Drop in Gasoline Inventories Boosts Gasoline and Oil Prices
Thu, 10 May 2018 15:03:52 +0000
On May 9, the EIA released its weekly gasoline inventory data. The EIA reported that US gasoline inventories decreased by 2.2 MMbbls (million barrels) to 235.8 MMbbls on April 27–May 4. The gasoline inventories also declined by 5.3 MMbbls or 2.2% YoY (year-over-year).
Oil prices climb higher in wake of Trump’s Iran decision
Thu, 10 May 2018 14:22:56 +0000
Oil prices are moving higher as markets worry over President Trump’s decision to pull the U.S. out of the Iran nuclear deal. Yahoo Finance’s Alexis Christoforous speaks with Bill Baruch, president of Blue Line Futures.
5 Upcoming Dividend ‘Surprises' That Will Triple Your Money
Thu, 10 May 2018 12:46:00 +0000
Take last year: say you were holding Valero Energy, one of the 5 “surprise” dividend growers I’ll say more about below (4 of which are primed to drop big payout hikes on us in the next 6 months). It was a “pick-and-shovel” play on e-commerce, supplying packaging for the ever-growing number of packages piling up at our doorsteps.
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