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

By Amy Schwartz

Today, shares of Valero Energy (NYSE:VLO) have crossed bullishly above their 10-day moving average of $116.94 on a volume of 450K 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, shares of Valero Energy have traded between a low of $68.80 and a high of $126.98 and are now at $117.44, which is 71% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.5%.

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

Ticker(s): VLO