user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 471345 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Valero Energy Trading Lower on 1.3x Above-Average Volume (VLO)

Published on Wed, 04/03/2013 - 13:16
By Adrienne Chilton

Valero Energy shares are trading on heavy volume today, having fallen 4.2% to $40.62. Today's volume of 14.1 million shares tops the average 30-day volume of 10.7 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

In the past 52 weeks, Valero Energy share prices have been bracketed by a low of $20.00 and a high of $48.97 and are now at $40.62, 103% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.6%.

Valero Energy has overhead space with shares priced $40.62, or 18.4% below the average consensus analyst price target of $49.75. The stock should find resistance at its 50-day moving average (MA) of $44.40, as well as support at its 200-day MA of $33.38.

Valero Energy Corporation is an independent petroleum refining and marketing company that owns and operates refineries in the United States, Canada, and Aruba. The Company produces conventional gasolines, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products as well as diesel fuel, low-sulfur and ultra-low-sulfur diesel fuel, and oxygenates.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

Earnings Flashback: Since Reporting Quar...

When OSI Systems (NASDAQ:OSIS) reported earnings 19 days ago on August 25th, 2014, anal ...

Post Earnings Update: Sanderson Farms Ha...

When Sanderson Farms (NASDAQ:SAFM) reported earnings two weeks ago on August 26th, 2014 ...

Post Earnings Update: Golar LNG Has Clim...

When Golar LNG (NASDAQ:GLNG) reported earnings two weeks ago on August 26th, 2014, anal ...

Bob Evans Farms Earnings Hindsight: Down...

When Bob Evans Farms (NASDAQ:BOBE) reported earnings 18 days ago on August 26th, 2014, ...

Smith & Wesson Earnings Hindsight: Down ...

18 days ago, on August 26th, 2014, Smith & Wesson (NASDAQ:SWHC) reported its earnings. ...

Prospect Capital Earnings Review: 19 Day...

19 days ago, on August 25th, 2014, Prospect Capital (NASDAQ:PSEC) reported its earnings ...

Seadrill Earnings Hindsight: Down 15.7% ...

Two weeks ago on August 27th, 2014 Seadrill (NYSE:SDRL) reported earnings and analysts, ...

Earnings Flashback: Since Reporting Quar...

When Movado (NYSE:MOV) reported earnings two weeks ago on August 26th, 2014, analysts, ...