Chevron (CVX) Offering Possible 19.33% Return Over the Next 16 Calendar Days

Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $119.00 short call and a strike $124.00 long call offers a potential 19.33% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $119.00 by expiration. The full premium credit of $0.81 would be kept by the premium seller. The risk of $4.19 would be incurred if the stock rose above the $124.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Chevron is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Chevron is bearish.

The RSI indicator is at 28.74 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Chevron

Ebola outbreak upsets Exxon drilling plans
Fri, 03 Oct 2014 03:00:34 GMT

Crude oil just cost this company $36.85 billion in market cap
Thu, 02 Oct 2014 21:16:58 GMT
Talking Numbers – http://l.yimg.com/hv/api/res/1.2/wILny3JtSm1qUveiVKrfyQ–/YXBwaWQ9eWZpbmFuY2U7aD0zMTt3PTQy/http://l.yimg.com/os/en-US/video/video.pd2upload.com/video.tncnbc.com@5a68c2ef-0c34-3edd-b35e-8acb0d602fe9_FULL.jpg

Chevron to Sell Gulf Coast Natural Gas Pipeline Properties
Thu, 02 Oct 2014 18:45:02 GMT

Asian stocks mixed after Wall Street decline
Wed, 01 Oct 2014 03:29:33 GMT

S&P 500, Nasdaq extend quarterly win streak to seven
Tue, 30 Sep 2014 20:39:06 GMT

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