Encompass Capital Advisors LLC bought a new position in Valero Energy Co. (NYSE:VLO) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 150,000 shares of the oil and gas company's stock, valued at approximately $17,595,000. Refiners, transporters surge: Niche energy markets defy oil slump Other large...
Electric vehicles are growing so fast that Exxon Mobil is preparing for a future when "customers don’t need that gasoline". Exxon Mobil Corp., which operates one of the world’s biggest oil-refining networks, is trying to be more responsive to changing consumer demands as the energy transition gathers pace. The changes it’s considering include potentially...
NYSE:VLO has exhibited a Pierced Double Top pattern and subsequently retraced. For traders considering this position, it's crucial to note that a weekly close above the established horizontal resistance line will serve as a stop-out level. As always, we emphasize the importance of entering a trade with predefined targets in mind to optimize risk management."
Looking at the VLO Valero Energy options chain ahead of earnings , I would buy the $143 strike price Calls with 2023-2-3 expiration date for about $4.20 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
Valero Energy Corporation ( NYSE:VLO ) Sector: Energy Minerals (Oil Refining/Marketing) Market Capitalization: $52.889B Current Price: $132.55 Breakout price: $135.90 Buy Zone (Top/Bottom Range): $128.75-$118.15 Price Target: $186.30-$189.00 Estimated Duration to Target: 314-322d Contract of Interest: $VLO 1/20/23 145c Trade price as of publish date: $12.45/contract
Last time price got close to the gap zone, it fell away quickly. This time, price can't be pushed away. If we chew up all the sell orders before running out of bullish momentum we should break right through the gap zone. The energy sector has been strong and should help pull it up. See the strong correlation to oil prices at the bottom of the chart.
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PR Strong Buy $15 NR Junk $125 PSR: 15.4 M
Will this descending triangle break bearish? Like the idea if you agree. Follow me for more tips like this.
Good news could be coming with the earnings report according to chart analysis, MACD is at a historic low so it's unlikely the price can go much lower. Look out for confirmation of the uptrend.
I will be watching VLO over the next few days and may enter a bullish swing trade if I like the setup. What I will be looking for is a bounce one more time off of the 100 SMA. For the most part, I usually only focus on pure price action when determining whether or not to enter a trade but when looking at the fundamentals for VLO combined with the recent pullback I...