Valero's most recent trend suggests a bearish bias. One trading opportunity on Valero is a Bear Call Spread using a strike $117.00 short call and a strike $122.00 long call offers a potential 32.98% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $117.00 by expiration. The full premium credit of $1.24 would be kept by the premium seller. The risk of $3.76 would be incurred if the stock rose above the $122.00 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 72.16 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
How Might Andeavor Stock Move in the Next 11 Days?
Wed, 08 Aug 2018 11:32:28 +0000
In this article, we’ll review the changes in ANDV’s implied volatility. We’ll also estimate Andeavor’s stock price range for the 11-day period ending on August 17.
How Have Phillips 66’s Refining Yields Trended in Q2 2018?
Wed, 08 Aug 2018 11:31:07 +0000
The refining yield shows the volumes of various refined products produced. Higher complexity refineries (with more advanced oil processing units) produce more lighter refined products like gasoline. Lighter refined products garner higher realizations than the heavier ones. As a result, when the production of lighter products increases, the revenues for the refiners typically increase.
[$$] Gasoline Makers Are Reaping Big Profits
Wed, 08 Aug 2018 05:13:50 +0000
American fuel makers are posting their best second-quarter profits in years, thanks to soaring domestic oil production and regional pipeline bottlenecks that are allowing them to buy crude on the cheap. Refining companies typically suffer as oil prices rise because drivers scale back their travel, reducing demand for gasoline and diesel. Phillips 66, the largest independent refiner by market capitalization, earned an average of $12.28 per refined barrel during the second quarter, up from $8.44 for the comparable period last year.
Where Do Analysts’ Ratings for ANDV Stand?
Tue, 07 Aug 2018 21:40:02 +0000
So far in this series, we’ve examined Andeavor’s (ANDV) refining margin performance in the second quarter and discussed its stock performance on its earnings release date of August 6.
How Did Andeavor Stock Perform on Its Earnings Release Day?
Tue, 07 Aug 2018 20:10:04 +0000
Andeavor (ANDV) announced its second-quarter earnings results after the market closed on August 6. Let’s see how its stock performed on the day.
Also on Market Tamer…
Follow Us on Facebook