Valero's most recent trend suggests a bullish bias. One trading opportunity on Valero is a Bull Put Spread using a strike $112.00 short put and a strike $107.00 long put offers a potential 27.23% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $112.00 by expiration. The full premium credit of $1.07 would be kept by the premium seller. The risk of $3.93 would be incurred if the stock dropped below the $107.00 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 78.66 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Valero
Will Reinstating Sanctions on Iran Affect US Natural Gas Futures?
Fri, 04 May 2018 16:40:02 +0000
The rising geopolitical tensions between the US and Iran have been driving oil prices higher in the last few weeks. If the US reinstates sanctions on Iran, it could curb the country’s exports and benefit oil prices. WTI oil prices have risen ~61% since June 21, 2017, partly due to geopolitical tensions and production cuts by major oil producers.
Valero Energy Corporation Will Attend The Citi Global Energy & Utilities Conference
Fri, 04 May 2018 13:39:25 +0000
SAN ANTONIO, May 04, 2018– Valero Energy Corporation today announced that members of company management will attend the Citi Global Energy & Utilities Conference on May 15-16, 2018.. About Valero Valero …
Valero Energy Corporation Will Attend The Redburn Toronto Conference
Thu, 03 May 2018 20:23:00 +0000
SAN ANTONIO, May 03, 2018– Valero Energy Corporation today announced that it will attend the Redburn Toronto Conference on May 9, 2018.. Valero Energy Corporation, through its subsidiaries, is an international …
Valero Energy Corporation Declares Regular Cash Dividend on Common Stock
Thu, 03 May 2018 20:01:30 +0000
SAN ANTONIO, May 03, 2018– The Board of Directors of Valero Energy Corporation has declared a regular quarterly cash dividend on common stock of $0.80 per share. The dividend is payable on June 5, 2018, …
Are Valero Energy's Earnings Enough to Justify Its Lofty Stock Price?
Thu, 03 May 2018 17:35:00 +0000
Shares are up a staggering 75% over the past year. It's going to take a lot to justify that kind of premium in the future.
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