Valero's most recent trend suggests a bullish bias. One trading opportunity on Valero is a Bull Put Spread using a strike $67.50 short put and a strike $62.50 long put offers a potential 58.23% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $67.50 by expiration. The full premium credit of $1.84 would be kept by the premium seller. The risk of $3.16 would be incurred if the stock dropped below the $62.50 long put 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 up which suggests that the medium-term momentum for Valero is bullish.
The RSI indicator is at 59.4 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
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Valero Energy (VLO) Stock Sinks As Market Gains: What You Should Know
Fri, 29 May 2020 21:50:09 +0000
Valero Energy (VLO) closed at $66.64 in the latest trading session, marking a -0.73% move from the prior day.
Top Energy Stocks for June 2020
Fri, 29 May 2020 17:22:44 +0000
The energy sector is comprised of companies focused on the exploration, production, and marketing of oil, gas, and renewable resources around the world. Popular energy sector stocks include upstream companies that are primarily engaged in the exploration of oil or gas reserves. Well-known companies in the sector are Hess Corp. (HES) and Diamondback Energy Inc. (FANG).
Is Valero Energy Corporation (VLO) Going to Burn These Hedge Funds?
Fri, 29 May 2020 17:20:42 +0000
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […]
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