VLO dominated by bulls lifting the market higher throughout the day
VLO ended Thursday at 119.71 surging $4.72 (4.1%) on high volume. This is the biggest single day gain in over. Today's closing price of 119.71 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 115.26, the share confirms its breakout through the prior session's high having traded $5.78 above it intraday.
Thursday's trading range was $4.71 (4.04%), that's far above last trading month's daily average range of $2.46. Weekly volatility is also higher, being above the markets average with the monthly volatility being below average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
While classical technical analysis indicates a bullish sentiment for the next trading day, our quantitative statistics show a different picture being bearish.
Market Conditions for Valero Energy
|Low close to previous three Lows||TQ Pro Members Only|
|Low close to previous two Lows||TQ Pro Members Only|
|Low close to previous low||TQ Pro Members Only|
|Close to Swing High||TQ Pro Members Only|
|Bearish Spinning Top||TQ Pro Members Only|
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