Valero Energy Corporation(VLO) is in an downtrend

(27-Mar-2008) (27-Mar-2008) Valero Energy Corporation(VLO) closed at 48.96, up 0.86 or 1.79 % for the day. Based on our analysis, Valero Energy Corporation(VLO) is in an downtrend.

The closing price of Valero Energy Corporation(VLO) is below its 50 day moving average of 55.71 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Valero Energy Corporation(VLO) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 3-Mar-2008, about 18 trading days ago.