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

By Shiri Gupta

Today, shares of Valero Energy (NYSE:VLO) have crossed bearishly below their 10-day moving average of $78.58 on a volume of 617K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Valero Energy share prices have moved between a 52-week high of $122.42 and a 52-week low of $68.81 and are now trading 13% above that low price at $77.44 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.2%.

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