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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 $65.84 on a volume of 751K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Valero Energy share prices have been bracketed by a low of $46.88 and a high of $71.40 and are now at $66.98, 43% above that low price. 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 is monitoring the recent change of momentum in Valero Energy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Valero Energy in search of a potential trend change.

Keywords: moving crosses valero energy

Ticker(s): VLO