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

By Shiri Gupta

Valero Energy (NYSE:VLO) crossed under its 10-day moving average of $65.32 on a volume of 1.3 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower 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 $73.88 and are now at $64.83, 38% above that low price. The 200-day and 50-day moving averages have moved 0.3% lower and 0.15% lower over the past week, respectively.

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