Valero's most recent trend suggests a bearish bias. One trading opportunity on Valero is a Bear Call Spread using a strike $85.00 short call and a strike $90.00 long call offers a potential 36.61% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $85.00 by expiration. The full premium credit of $1.34 would be kept by the premium seller. The risk of $3.66 would be incurred if the stock rose above the $90.00 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 37.33 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Valero
Best Growth Stocks to Buy for March 2nd
Wed, 02 Mar 2022 15:44:03 +0000
VLO, VALE, and SIG made it to the Zacks Rank #1 (Strong Buy) growth stocks list on March 2, 2022
BP Exits Rosneft Stake Holdings Amid Russia-Ukraine Conflict
Wed, 02 Mar 2022 15:13:03 +0000
BP is also planning an exit strategy from its other businesses in Russia, which involves three joint ventures, with a carrying value on its books of $1.4 billion.
UPDATE 2-Ethanol producers, 16 states challenge EPA U.S. vehicle rules
Tue, 01 Mar 2022 17:29:44 +0000
A group of 16 U.S. states, some corn and soybean growers associations, the American Fuel And Petrochemical Manufacturers and others are challenging the U.S. Environmental Protection Agency's (EPA) tougher vehicle emission rules. The corn growers, a Valero Energy subsidiary and other ethanol producers said the new EPA rules revising emission requirements through 2026 “effectively mandate the production and sale of electric cars rather than cars powered by internal combustion engines.” The state of Arizona filed a separate legal challenge.
Chevron (CVX), Iwatani to Co-develop 30 Hydrogen Stations
Tue, 01 Mar 2022 12:50:12 +0000
By 2026, Chevron Corporation (CVX), along with its Japanese partner, Iwatani, set to construct and develop 30 hydrogen stations in California.
Chevron (CVX), Bunge Joint Venture to Create Renewable Fuel
Fri, 25 Feb 2022 14:04:02 +0000
Chevron Corporation (CVX) and Bunge Limited (BG) enter into a joint venture to produce renewable fuel.
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