• Return to Headlines

Valero Energy Rises 4.75% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Valero Energy (NYSE:VLO) traded in a range yesterday that spanned from a low of $116.33 to a high of $121.04. Yesterday, the shares gained 4.8%, which took the trading range above the 3-day high of $116.43 on volume of 3.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Valero Energy on March 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $94.63. Since that recommendation, shares of Valero Energy have risen 21.5%. We continue to monitor VLO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Valero Energy have traded between a low of $46.88 and a high of $121.04 and are now at $120.58, which is 157% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

Keywords: rebounders valero energy

Ticker(s): VLO