Valero's most recent trend suggests a bullish bias. One trading opportunity on Valero is a Bull Put Spread using a strike $111.00 short put and a strike $106.00 long put offers a potential 47.06% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $111.00 by expiration. The full premium credit of $1.60 would be kept by the premium seller. The risk of $3.40 would be incurred if the stock dropped below the $106.00 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
How Marathon Petroleum Stock Performed after 1Q18 Earnings Release
Wed, 02 May 2018 15:20:02 +0000
Marathon Petroleum (MPC) announced its results on April 30. On the day that MPC announced its 1Q18 results, the stock opened at $75.5 per share, below its previous day’s close of $81.4. On the same day, MPC also announced the acquisition of Andeavor (ANDV), which would create the largest downstream company in the US. For more on this, read Marathon Petroleum to Acquire Andeavor: ANDV Opens 10% Higher.
Why MPC’s Refining and Speedway Segment Operating Earnings Fell
Wed, 02 May 2018 13:45:34 +0000
Marathon Petroleum (MPC) posted its 1Q18 earnings on April 30. The company missed its earnings estimate, which we discussed in Marathon Petroleum’s 1Q18 Earnings Miss Estimates. Marathon Petroleum’s (MPC) operating income rose 51% over 1Q17 to $440 million in 1Q18.
Raymond James Raised Phillips 66’s Target Price
Tue, 01 May 2018 19:00:02 +0000
In this series, we have discussed Phillips 66’s (PSX) segmental performance and refining margin trend in 1Q18. We also discussed Phillips 66’s stock performance after its earnings release on April 27. In this part, we’ll discuss analysts’ ratings for Phillips 66.
Phillips 66’s 1Q18 Earnings Rose across Its Segments
Tue, 01 May 2018 15:57:11 +0000
Phillips 66 (PSX) posted its 1Q18 earnings on April 27 and surpassed the estimates. To learn more, read Phillips 66’s 1Q18 Earnings Beat Estimates. Now, we’ll discuss the company’s segmental earnings.
US Crude Oil Exports Could Rise More
Tue, 01 May 2018 14:27:15 +0000
On April 30, Brent crude oil July futures settled at $6.12 more than WTI crude oil June futures. The difference is called the “Brent-WTI spread.” On April 23, the Brent-WTI spread was at $5.37.
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