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Watch for Valero Energy to Potentially Pullback After Gaining 2.22% Yesterday

By James Quinn

Valero Energy (NYSE:VLO) traded in a range yesterday that spanned from a low of $54.16 to a high of $55.61. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $55.59 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.

In the past 52 weeks, Valero Energy share prices have been bracketed by a low of $46.88 and a high of $73.88 and are now at $55.45, 18% 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.

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: rebounders valero energy

Ticker(s): VLO