Valero's most recent trend suggests a bullish bias. One trading opportunity on Valero is a Bull Put Spread using a strike $92.00 short put and a strike $87.00 long put offers a potential 28.21% 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 $92.00 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock dropped below the $87.00 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 above 80 which suggests that the stock is in overbought territory.
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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Tue, 02 Jan 2018 18:36:06 +0000
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Why Has Short Interest in Phillips 66 Fallen in 4Q17?
Tue, 02 Jan 2018 12:31:07 +0000
Short interest in Phillips 66 (PSX), expressed as a percentage of outstanding shares, has fallen from 1.4% on October 2, 2017, to the current level of 1.2%.
Why Phillips 66’s Valuations Command a Premium over Peer Averages
Mon, 01 Jan 2018 15:32:20 +0000
Currently, PSX trades at a forward PE (price-to-earnings) ratio of 15.5x, above its peer average of 13.8x.
Institutional Ownership in PSX: Who Is Buying It?
Mon, 01 Jan 2018 14:02:25 +0000
Institutional ownership in PSX currently stands at ~72.0% of outstanding shares.
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