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Valero Energy Falls 2.70% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Valero Energy (NYSE:VLO) traded in a range yesterday that spanned from a low of $93.78 to a high of $94.85. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $95.39 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 $92.47, 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has risen 0.2%.

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