Vistra Stock Could Chart Path Back to Record Highs

Vistra Corp (NYSE:VST) stock is up 0.6% to trade at $198.53 at last check, not too far off from its Aug. 5 all-time high of $216.85. The equity is looking to snap a three-day losing streak, with the $190 region providing support as it pulled back from that record peak. Better yet, a historically bullish signal now flashing could soon help shares extend their healthy 150.4% lead.

Per Schaeffer's Senior Quantitative Analyst Rocky White, Vistra stock's pullback placed it within one standard deviation of its 50-day moving average. The equity was above this trendline in at least eight of the last 10 trading days, and spent 80% of the past two months above it.

Within these parameters, eight other signals occurred over the last three years, after which the security was higher one month later 75% of the time, averaging an 8% gain. From its current perch, a similar move would place the shares back above $213.

At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), VST's 50-day put/call volume ratio of 1.17 ranks higher than all readings from the past year. In other words, the security could benefit from an unwinding of pessimism.

Options are affordable, making this an opportune time to bet on VST's next moves. This is per its Schaeffer's Volatility Index (SVI) of 49%, which stands in the 10th percentile of readings from the past year.