Trading Idea - Valero Breaking Out? | Trading Ideas

Hewlett Packard (HPQ)

Dell (DELL)

Facebook (FB)

Apple (AAPL)

Goldman Sachs (GS)

Fred's First Quarter 2012 EPS Increase 17%

Newell Rubbermaid to Reaffirm Fiscal Year 2012 Outlook

Best ETFs For Facebook Exposure

McDonald's Announces Quarterly Cash Dividend

Is KB HOME Closing in to Resistance?

Trading Idea - Valero Breaking Out?

Published on Tuesday, 07 February 2012 07:24 Written by TradersHuddle Wire

New York, February 7th (TradersHuddle.com) - Shares of Valero Energy Corporation (NYSE:VLO) closed the trading session at $24.86 just above calculated resistance at $24.82 moving to what appears to be a new range, as this move will clearly raise the attention of momentum buyers.

Valero Energy Corporation (NYSE:VLO) 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, and a series of petrochemicals and lubricants.

Valero's stock was trading in a well defined range with support at $23.52 and resistance at $24.82, given that this range was broken traders will be closely monitoring the stock

Note - Automated Content Created By TradersHuddle's Technical Scanner

Valero Energy Stock To Go Ex-dividend Monday (VLO) - TheStreet.com
Valero Energy Corporation (VLO): Today's Featured Energy Winner - TheStreet.com
Valero Energy Corporation (VLO): Today's Featured Energy Winner - TheStreet.com
VLO: Refined Calendar Spread - TheStreet.com
Valero Energy: S&P Intraday Gainer - TheStreet.com
UPDATE: Benchmark Establishes PT for Valero Energy - Benzinga
Valero Energy Stock To Go Ex-dividend Monday (VLO) - TheStreet.com
Scott Nations Suggests An Option Strategy In Valero Energy Corporation - Benzinga
Accountability on My Earnings Calls - TheStreet.com
Valero Energy Corporation Stock Upgraded (VLO) - TheStreet.com

Volatile market? That's when profit potential skyrockets for options traders. Now you can get up to 50 trade opportunities a week from top options experts -- plus much more -- on our exciting new site OptionsProfits. Try it FREE!