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Shares of Valero Energy Rise to a New 52-Week High

By Shiri Gupta

Valero Energy (NYSE:VLO) traded today at a new 52-week high of $103.14. Approximately 573,000 shares have changed hands today, as compared to an average 30-day volume of 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.

Valero Energy share prices have moved between a 52-week high of $103.14 and a 52-week low of $46.88 and are now trading 120% above that low price at $102.99 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

Valero Energy (NYSE:VLO) is currently priced 1.1% 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 7.6%. 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