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Valero Energy (VLO) Breaks Through Support at $115.00

By Shiri Gupta

Valero Energy (NYSE:VLO) has opened bearishly below the pivot of $115.72 today and has reached the first level of support at $115.00. Should the shares continue to fall, the support pivots of $114.11 and $112.50 will be of interest.

Potential upside of 0.0% exists for Valero Energy, based on a current level of $0.00 and analysts' average consensus price target of $101.85. Valero Energy shares should first meet resistance at the 50-day moving average (MA) of $62.33 and find additional resistance at the 200-day MA of $64.52.

Over the past year, Valero Energyhas traded in a range of $0.00 to $116.43 and are now at $0.00. 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.

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 22.5%. We continue to monitor VLO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts valero energy

Ticker(s): VLO