Valero Energy Crosses Below its 10-day MA (VLO)
Valero Energy (NYSE:VLO) crossed under its 10-day moving average of $52.02 on a volume of 925K shares. This may provide short-term investors a chance 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 $73.88 and a 52-week low of $50.03 and are now trading 3% above that low price at $51.44 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.3%.
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 13.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses valero energy