• Return to Headlines

Recent 52-Week High Exceeded in Shares of Valero Energy (VLO)

By David Diaz

Shares of Valero Energy (NYSE:VLO) traded at a new 52-week high today of $109.00. This new high was reached on below average trading volume as 338,000 shares traded hands, while the average 30-day volume is approximately 5.3 million shares.

Valero Energy Corporation is an independent petroleum refining and marketing company that owns and operates refineries in the United States, Canada, and Aruba. The Company produces conventional gasolines, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products, as well as offers diesel fuel, low-sulfur and ultra-low-sulfur diesel fuel, and oxygenates.

In the past 52 weeks, Valero Energy share prices have been bracketed by a low of $46.88 and a high of $109.00 and are now at $108.56, 132% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

Based on a current price of $108.56, Valero Energy is currently 6.2% above its average consensus analyst price target of $101.85. The stock should discover initial support at its 200-day moving average (MA) of $64.52 and subsequent support at its 50-day MA of $62.33.

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 14.7%. We continue to monitor VLO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows valero energy

Ticker(s): VLO