Valero's most recent trend suggests a bearish bias. One trading opportunity on Valero is a Bear Call Spread using a strike $50.00 short call and a strike $60.00 long call offers a potential 20.05% 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 $50.00 by expiration. The full premium credit of $1.67 would be kept by the premium seller. The risk of $8.33 would be incurred if the stock rose above the $60.00 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 32.51 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Valero
Texas refineries, including largest, to keep running during weakened storm Beta – sources
Tue, 22 Sep 2020 02:59:46 +0000
What to Expect in the Markets This Week
Mon, 21 Sep 2020 11:58:29 +0000
Coming up this week: Nike offers a preview of earnings season, the People's Bank of China announces interest rates, and U.S. home sales for August are released.
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Thu, 17 Sep 2020 15:44:08 +0000
Valero Energy Corporation to Announce Third Quarter 2020 Earnings Results on October 22, 2020
Wed, 16 Sep 2020 20:20:00 +0000
Valero Energy Corporation (NYSE:VLO) ("Valero") today announced that it will host a conference call on October 22, 2020, at 10:00 a.m. ET to discuss third quarter earnings results, which will be released earlier that day, and provide an update on company operations.
Valero Refining-New Orleans, L.L.C. — Moody's changes Valero's outlook to negative; affirms Baa2 ratings
Wed, 09 Sep 2020 11:39:08 +0000
Moody's Investors Service, (“Moody's”) affirmed all ratings of Valero Energy Corporation (“Valero”) and its subsidiaries Ultramar Diamond Shamrock Corporation, Valero Energy Partners LP and Diamond Shamrock Inc and assigned Baa2 ratings to Valero's proposed senior unsecured notes. Concurrently, Moody's changed the outlook on all ratings to negative from stable.
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