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Bearish Moving Average Cross by Valero Energy (VLO)

By Amy Schwartz

Valero Energy (NYSE:VLO) shares have crossed bearishly below their 10-day moving average of $119.07 on a volume of 902K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Valero Energy has traded in a range of $60.69 to $122.94 and is now at $118.48, 95% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 1.2% while the 50-day MA has advanced 2.2%.

SmarTrend recommended that subscribers consider buying shares of Valero Energy on March 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $94.63. Since that recommendation, shares of Valero Energy have risen 28.8%. We continue to monitor VLO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses valero energy

Ticker(s): VLO