Valero's most recent trend suggests a bullish bias. One trading opportunity on Valero is a Bull Put Spread using a strike $52.50 short put and a strike $45.00 long put offers a potential 5.93% 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 $52.50 by expiration. The full premium credit of $0.42 would be kept by the premium seller. The risk of $7.08 would be incurred if the stock dropped below the $45.00 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 at 59.61 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Valero
This Discovery Should Concern Valero Energy Corporation
Sun, 27 Apr 2014 14:50:13 GMT
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Fri, 25 Apr 2014 22:51:03 GMT
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Fri, 25 Apr 2014 17:32:02 GMT
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Tue, 22 Apr 2014 17:44:25 GMT
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