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Bullish Moving Average Cross by Valero Energy (VLO)

By Amy Schwartz

Valero Energy (NYSE:VLO) shares have crossed bullishly above their 10-day moving average of $83.52 on a volume of 276K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Valero Energy share prices have moved between a 52-week high of $122.42 and a 52-week low of $68.81 and are now trading 22% above that low price at $83.94 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.7%.

SmarTrend recommended that subscribers consider buying shares of Valero Energy on June 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $76.48. Since that recommendation, shares of Valero Energy have risen 9.0%. 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