Valero Energy Crosses Above its 10-day MA (VLO)
Valero Energy (NYSE:VLO) crossed over its 10-day moving average of $54.34 on a volume of 1.2 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.
Valero Energy share prices have moved between a 52-week high of $73.88 and a 52-week low of $46.88 and are now trading 17% above that low price at $54.91 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 is tracking the current trend status for Valero Energy and will alert subscribers who have VLO in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses valero energy