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Valero Energy Set to Possibly Pullback After Yesterday's Rally of 4.75%

By Shiri Gupta

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.

Valero Energy share prices have moved between a 52-week high of $121.04 and a 52-week low of $46.88 and are now trading 157% above that low price at $120.58 per share. The 200-day and 50-day moving averages have moved 0.3% lower and 0.15% lower over the past week, respectively.

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.

Keywords: rebounders valero energy

Ticker(s): VLO