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Valero Energy Set to Possibly Rebound After Yesterday's Selloff of 1.29%

By Amy Schwartz

Valero Energy (NYSE:VLO) traded in a range yesterday that spanned from a low of $83.14 to a high of $84.21. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $83.43 on volume of 860,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Valero Energy on December 3rd, 2019 by issuing a Downtrend alert when the shares were trading at $94.33. Since that call, shares of Valero Energy have fallen 11.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Valero Energy share prices have been bracketed by a low of $69.44 and a high of $101.99 and are now at $82.48, 19% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.1%.

Keywords: rebounders valero energy

Ticker(s): VLO