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Valero Energy: 52-Week High Recently Eclipsed (VLO)

By Shiri Gupta

Shares of Valero Energy (NYSE:VLO) traded at a new 52-week high today of $119.58. This new high was reached on below average trading volume as 1.2 million 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.

Valero Energy (NYSE:VLO) is currently priced 3.0% above its average consensus analyst price target of $115.95. Valero Energy shares have support at the 200-day moving average (MA) of $64.52 and additional support at the 50-day MA of $62.33.

Over the past year, Valero Energy has traded in a range of $46.88 to $119.58 and is now at $119.55, 155% above that low. 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 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 21.5%. 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