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Valero Energy Crosses Above its 10-day MA (VLO)

By Amy Schwartz

Valero Energy (NYSE:VLO) crossed over its 10-day moving average of $55.45 on a volume of 861K 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.

Valero Energy share prices have moved between a 52-week high of $73.88 and a 52-week low of $51.68 and are now trading 9% above that low price at $56.38 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Valero Energy on April 12th, 2016 by issuing a Downtrend alert when the shares were trading at $60.72. Since that call, shares of Valero Energy have fallen 9.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses valero energy

Ticker(s): VLO