Valero's most recent trend suggests a bearish bias. One trading opportunity on Valero is a Bear Call Spread using a strike $70.00 short call and a strike $80.00 long call offers a potential 12.99% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $70.00 by expiration. The full premium credit of $1.15 would be kept by the premium seller. The risk of $8.85 would be incurred if the stock rose above the $80.00 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 42.6 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
Valero Energy Announces CFO Transition
Fri, 19 Jun 2020 10:47:12 +0000
Valero Energy Corporation (VLO) today announced that Jason Fraser, who has served as Valero’s Executive Vice President and General Counsel since January 2019, has been appointed by Valero’s Board of Directors to serve as the Company’s Executive Vice President and Chief Financial Officer, effective July 15, 2020. Mr. Fraser will succeed Donna Titzman, who will remain as Executive Vice President and Chief Financial Officer until her retirement from the position on the same date, and will continue with the Company for a transitional period thereafter.
Thursday Morning Market Highlights
Thu, 18 Jun 2020 17:14:42 +0000
Wall Street mixed, Kroger shares fall despite earning beat Continue reading…
Why Valero Energy's Stock Is Trading Lower Today
Wed, 17 Jun 2020 15:26:45 +0000
Valero Energy Corporation (NYSE: VLO) shares are trading lower on Wednesday after Goldman Sachs downgraded the stock from Buy to Neutral and announced a price target of $68 per share.Valero Energy is one of the largest independent refiners in the U.S. It operates 14 refineries with a total throughput capacity of 3.1 million barrels a day in the U.S., Canada, and the U.K.Valero also owns 14 ethanol plants with a capacity of 1.7 billion gallons of ethanol a year and holds a 50% stake in Diamond Green Diesel, which has capacity to produce 275 million gallons per year of renewable diesel.Valero Energy shares were trading down 4.13% at $63.43 at time of publication on Wednesday. The stock has a 52-week high of $101.99 and a 52-week low of $31.Related Links:BP Cuts 10K Jobs As Coronavirus Hits Oil DemandUSO Tanks After Oil ETF's Temporary Trading HaltLatest Ratings for VLO DateFirmActionFromTo Jun 2020Goldman SachsDowngradesBuyNeutral May 2020JP MorganMaintainsOverweight May 2020Morgan StanleyMaintainsOverweight View More Analyst Ratings for VLO View the Latest Analyst RatingsSee more from Benzinga * Why CoreCivic's Stock Is Trading Lower Today * Why Livongo Health's Stock Is Trading Higher Today * Second Wave Of Coronavirus Hits China's Capital Beijing(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
3 Energy Stocks to Buy Right Now
Fri, 12 Jun 2020 13:05:00 +0000
Energy businesses can be risky investments as high capital requirements sometimes conflict with commodity price volatility that affects cash flows. At times, though, investors throw the babies out with the bathwater, and there are opportunities to add to this sector of your portfolio. The three businesses below offer diversity in the energy sector, minimize reliance solely on commodity prices, and offer solid dividend yields thanks to the drop in share prices from the COVID-19 pandemic and related oil price declines.
Valero Energy Corporation to Announce Second Quarter 2020 Earnings Results on July 30, 2020
Thu, 11 Jun 2020 11:45:49 +0000
SAN ANTONIO, June 11, 2020 — Valero Energy Corporation (NYSE:VLO) (“Valero”) today announced that it will host a conference call on July 30, 2020, at 10:00 a.m. ET to discuss.
Also on Market Tamer…
Follow Us on Facebook