Valero Energy Partners Breaks Above 200-Day Moving Average - Bullish for VLP
In trading on Monday, shares of Valero Energy Partners LP (Symbol: VLP) crossed above their 200 day moving average of $48.47, changing hands as high as $49.41 per share. Valero Energy Partners LP shares are currently trading up about 6.3% on the day. The chart below shows the one year performance of VLP shares, versus its 200 day moving average:
Looking at the chart above, VLP's low point in its 52 week range is $35.96 per share, with $55.00 as the 52 week high point - that compares with a last trade of $48.34.
According to the ETF Finder at ETF Channel, VLP makes up 4.67% of the Junior MLP ETF (Symbol: MLPJ) which is trading up by about 2.5% on the day Monday.