Valero's most recent trend suggests a bullish bias. One trading opportunity on Valero is a Bull Put Spread using a strike $82.50 short put and a strike $77.50 long put offers a potential 36.24% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $82.50 by expiration. The full premium credit of $1.33 would be kept by the premium seller. The risk of $3.67 would be incurred if the stock dropped below the $77.50 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 62.27 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
Valero Energy (VLO) Stock Sinks As Market Gains: What You Should Know
Fri, 04 Jun 2021 21:50:09 +0000
In the latest trading session, Valero Energy (VLO) closed at $83.24, marking a -0.1% move from the previous day.
Valero Energy Corporation to Participate in Virtual Investor Conferences
Wed, 26 May 2021 20:09:00 +0000
Valero Energy Corporation (NYSE: VLO, “Valero”) announced today that it will be participating in the Wells Fargo Virtual Energy Conference on June 2, 2021 and the RBC Capital Markets Global Energy, Power and Infrastructure Energy Conference on June 8, 2021.
Heavy Rains Reduce Gulf Coast Refinery Output
Wed, 19 May 2021 14:00:00 +0000
Four refineries on the U.S. Gulf Coast have reduced their processing rates because of heavy rains and flooding in East Texas and Louisiana
UPDATE 2-Citgo secures U.S. government's maritime waiver amid fuel crunch
Fri, 14 May 2021 15:39:04 +0000
The Biden administration granted oil refiner Citgo Petroleum a maritime shipping waiver allowing it to move fuel between U.S. ports on a foreign flagged vessel, two sources told Reuters on Friday, making it the second company to secure one this week. The waivers are intended to help ease distribution of fuel after a major pipeline serving the U.S. East Coast was forced shut by a cyberattack last week, triggering widespread shortages of gasoline, diesel and jet fuel. The Department of Homeland Security had announced the second waiver on Friday, but did not name the recipient.
The Zacks Analyst Blog Highlights: Royal Dutch Shell, Valero Energy, PBF Energy, Kinder Morgan and Marathon Petroleum
Fri, 14 May 2021 11:19:11 +0000
The Zacks Analyst Blog Highlights: Royal Dutch Shell, Valero Energy, PBF Energy, Kinder Morgan and Marathon Petroleum
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