Let’s examine the charts and indicators for clues. In this one-year daily bar chart of VLO, below, we can see that VLO recently closed below the rising 50-day moving average line.
Category: Valero Energy
Why Valero Energy, Ensign Group, and The Bancorp Slumped Today
Wednesday was another good day for the stock market, as major market benchmarks posted gains of between 0.25% and 1% to climb back within reach of new record levels. Many market participants focused on the release of the Federal Open Market Committee’s most recent meeting minutes, which didn’t have any major surprises that threatened the positive mood among investors.