Valero's most recent trend suggests a bullish bias. One trading opportunity on Valero is a Bull Put Spread using a strike $107.00 short put and a strike $102.00 long put offers a potential 31.23% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $107.00 by expiration. The full premium credit of $1.19 would be kept by the premium seller. The risk of $3.81 would be incurred if the stock dropped below the $102.00 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 above 80 which suggests that the stock is in overbought territory.
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
US Crude Oil Exports Could Impact Brent Oil Prices
Tue, 24 Apr 2018 16:35:02 +0000
The EIA estimates that US crude oil exports increased by 544,000 bpd (barrels per day) to 1,749,000 bpd on April 6–13. Crude oil exports also increased by 1,184,000 bpd or 210% from a year ago.
Trump's Tweet Falls on Deaf Ears, Crude Rises to 3-Year High
Tue, 24 Apr 2018 12:52:12 +0000
Trump's tweet fizzled out too soon with both WTI and Brent crude prices pivoting higher yesterday to touch their three-year highs at $ 68.64 a barrel and $ 74.71 a barrel, respectively.
Stocks To Buy And Watch: Alibaba And Charles Schwab Added To IBD 50
Mon, 23 Apr 2018 22:52:48 +0000
Here’s a list of all the top-rated growth stocks that have just been added to the IBD 50, IBD Big Cap 20, Sector Leaders, Stock Spotlight and IPO leaders.
Marathon Petroleum: Stock Performance ahead of 1Q18 Earnings
Mon, 23 Apr 2018 16:45:02 +0000
Since January 2, the beginning of the first quarter, Marathon Petroleum (MPC) stock has risen 17%. Peers have also increased. Let’s look at what led to the rise in Marathon Petroleum stock.
Marathon Petroleum’s Refining Earnings Outlook for 1Q18
Mon, 23 Apr 2018 15:15:02 +0000
Before proceeding with Marathon Petroleum’s (MPC) refining earnings outlook for 1Q18, let’s recap refining earnings trends in 4Q17.
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