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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 $66.72 on a volume of 500K 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.

In the past 52 weeks, Valero Energy share prices have been bracketed by a low of $46.88 and a high of $71.40 and are now at $66.43, 42% above that low price. 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 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