Valero's most recent trend suggests a bullish bias. One trading opportunity on Valero is a Bull Put Spread using a strike $121.00 short put and a strike $116.00 long put offers a potential 68.35% 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 $121.00 by expiration. The full premium credit of $2.03 would be kept by the premium seller. The risk of $2.97 would be incurred if the stock dropped below the $116.00 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 68.48 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
Has Marathon Petroleum’s Debt Position Deteriorated?
Wed, 30 May 2018 20:55:02 +0000
In the previous part of this series, we looked at analysts’ opinion on Marathon Petroleum (MPC). Now let’s analyze MPC’s debt position.
How to select oil stocks? Find companies that know how to handle money
Wed, 30 May 2018 19:53:35 +0000
This stock screen identifies energy companies — Valero, Phillips 66 and Marathon, among them — that deploy investors’ money most efficiently.
The Story behind Marathon Petroleum’s ‘Buy’ Ratings
Wed, 30 May 2018 19:23:25 +0000
Marathon Petroleum (MPC) has witnessed a decline in “buy” ratings this month compared to April. In May, 13 analysts rated MPC a “buy,” compared to 15 analysts in April. But this difference is due to the reduction in total analysts covering the stock. In April, 19 analysts covered MPC, of whom 15 (79%) rated the company a “buy.” In May, 16 analysts covered MPC, of which 13 (81%) rated MPC a “buy.”
Global Crude Oil Supply Outage: Near Six-Month Low
Wed, 30 May 2018 17:57:03 +0000
According to the EIA, the global crude oil supply outage decreased by 288,000 bpd (barrels per day) to 1,531,000 bpd in April. Supply outages also fell by ~1,115,000 bpd or 42% from a year ago. Global crude oil supply outages were near a six-month low in April.
Expert: Lopez-Obrador victory in Mexico's presidential election would affect energy reforms
Wed, 30 May 2018 16:40:30 +0000
An expert on Mexican politics said a victory by populist presidential candidate Andres Manuel Lopez-Obrador would bring significant changes to Mexico's energy reforms.
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