Valero's most recent trend suggests a bearish bias. One trading opportunity on Valero is a Bear Call Spread using a strike $74.00 short call and a strike $79.00 long call offers a potential 35.14% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $74.00 by expiration. The full premium credit of $1.30 would be kept by the premium seller. The risk of $3.70 would be incurred if the stock rose above the $79.00 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 35.28 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Valero
Valero Energy Corporation to Announce First Quarter 2021 Earnings Results on April 22, 2021
Tue, 23 Mar 2021 12:39:00 +0000
Valero Energy Corporation (NYSE:VLO) (“Valero”) announced today that it will host a conference call on April 22, 2021 at 10:00 a.m. ET to discuss first quarter 2021 earnings results, which will be released earlier that day, and provide an update on company operations.
Valero Energy's (VLO) Shares March Higher, Can It Continue?
Mon, 22 Mar 2021 12:14:12 +0000
As of late, it has definitely been a great time to be an investor in Valero Energy Corporation (VLO).
Valero Energy Corporation to Participate in Investor Conferences
Thu, 18 Mar 2021 12:30:00 +0000
Valero Energy Corporation (NYSE: VLO, “Valero”) announced today that it will be participating in the Simmons Energy Conference on March 23, 2021 and the Scotia Howard Weil Energy Conference on March 24, 2021.
Valero and BlackRock Partner with Navigator to Announce Large-Scale Carbon Capture and Storage Project
Tue, 16 Mar 2021 12:15:00 +0000
Valero Energy Corporation (NYSE: VLO, “Valero”) and BlackRock Global Energy & Power Infrastructure Fund III announced today that they are partnering with Navigator Energy Services (“Navigator”) to develop an industrial scale carbon capture pipeline system (“CCS”). The initial phase is expected to span more than 1,200 miles of new carbon dioxide gathering and transportation pipelines across five Midwest states with the capability of permanently storing up to 5 million metric tonnes of carbon dioxide per year. Pending third party customer feedback, the system could be expanded to transport and sequester up to 8 million metric tonnes of carbon dioxide per year. Valero, the largest renewable fuels producer in North America, is expected to become an anchor shipper by securing a majority of the initial available system capacity. Navigator is expected to lead the construction and operations of the system and anticipates operations to begin late 2024. In the coming months, Navigator will seek additional commitments to utilize the remaining capacity via a binding open season process.
YPF Plans to Invest $2.7B in 2021 for Development Purpose
Mon, 15 Mar 2021 13:23:01 +0000
YPF maintains its $2.7B investment plan for 2021, with $1.3B for the drilling of more than 180 wells, which will allow the company to maintain the leadership it has in the Vaca Muerta.
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