Valero Energy Crosses Below its 10-day MA (VLO)
Today, shares of Valero Energy (NYSE:VLO) have crossed bearishly below their 10-day moving average of $49.93 on a volume of 1.5 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, shares of Valero Energy have traded between a low of $46.88 and a high of $73.88 and are now at $49.57, which is 6% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.
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 17.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses valero energy