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Valero Energy Bullish Moving Average Crossover Alert (VLO)

By Shiri Gupta

Valero Energy (NYSE:VLO) crossed over its 10-day moving average of $115.16 on a volume of 1.6 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Valero Energy has traded in a range of $46.88 to $120.78 and is now at $120.61, 157% above that low. 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.

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: moving crosses valero energy

Ticker(s): VLO