VLO dominated by bulls lifting the market higher throughout the day
Valero Energy (VLO) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team
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.
Daily Candlestick Chart (VLO as at May 17, 2018):
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.