Valero's most recent trend suggests a bearish bias. One trading opportunity on Valero is a Bear Call Spread using a strike $60.00 short call and a strike $65.00 long call offers a potential 6.84% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $60.00 by expiration. The full premium credit of $0.32 would be kept by the premium seller. The risk of $4.68 would be incurred if the stock rose above the $65.00 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 30.58 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Valero
VALERO ENERGY CORP/TX Financials
Fri, 16 May 2014 17:04:24 GMT
Why Are Refiners Worried About the U.S. Lifting the Ban on Crude Exports?
Fri, 16 May 2014 13:42:12 GMT
Why Valero Energy (VLO) Could Be a Top Value Stock Pick
Fri, 16 May 2014 11:00:26 GMT
IPO Stock Watch: Valero Energy Partners Gets Upgrade
Thu, 15 May 2014 22:54:00 GMT
Valero Energy Corporation to Participate in the UBS Global Oil and Gas Conference
Thu, 15 May 2014 15:25:00 GMT
PR Newswire – SAN ANTONIO, May 15, 2014 /PRNewswire/ — Valero Energy Corporation (NYSE: VLO) today announced that Joe Gorder, CEO and President of Valero Energy Corporation, will present at the UBS Global Oil and Gas …
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