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Bearish Moving Average Cross by Valero Energy (VLO)

By Amy Schwartz

Today, shares of Valero Energy (NYSE:VLO) have fallen below their 10-day MA of $54.22 on a volume of 1.1 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Valero Energy share prices have moved between a 52-week high of $73.88 and a 52-week low of $46.88 and are now trading 15% above that low price at $54.07 per share. The 200-day and 50-day moving averages have moved 0.3% lower and 0.15% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Valero Energy on July 27th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.65. Since that recommendation, shares of Valero Energy have risen 4.1%. 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