Chevron (CVX) Offering Possible 30.55% Return Over the Next 22 Calendar Days

Chevron's most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $121.00 short put and a strike $116.00 long put offers a potential 30.55% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $121.00 by expiration. The full premium credit of $1.17 would be kept by the premium seller. The risk of $3.83 would be incurred if the stock dropped below the $116.00 long put strike price.

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

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

The RSI indicator is at 72.07 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

CVX, BP, RDS.A, and XOM: Getting Ready for 1Q18 Earnings
Tue, 24 Apr 2018 14:30:40 +0000
In this part, we’ll discuss Chevron (CVX), BP (BP), Royal Dutch Shell (RDS.A), and ExxonMobil’s (XOM) forward valuations before their 1Q18 earnings.

XOM, CVX, RDS.A, and BP Ranked by Dividend Yields
Tue, 24 Apr 2018 13:00:37 +0000
In this series, we have ranked integrated energy stocks based on their estimated earnings growth in 1Q18. BP (BP) occupies the top spot followed by Royal Dutch Shell (RDS.A), Chevron (CVX), and ExxonMobil (XOM). In this part, we’ll discuss these stocks’ dividend yields before their 1Q18 earnings and dividend announcements.

Trump's Tweet Falls on Deaf Ears, Crude Rises to 3-Year High
Tue, 24 Apr 2018 12:52:12 +0000
Trump's tweet fizzled out too soon with both WTI and Brent crude prices pivoting higher yesterday to touch their three-year highs at $ 68.64 a barrel and $ 74.71 a barrel, respectively.

GLOBAL MARKETS-Stocks fall as U.S. yields rise, commodities tumble
Mon, 23 Apr 2018 20:21:31 +0000
A gauge of global equity markets declined on Monday as U.S. bond yields moved closer to the 3 percent level that has unsettled investors in recent months, while a fall in commodity prices pressured materials stocks. U.S. bond prices fell, with the 10-year yield hitting its highest in over four years at 2.998 percent. Investors are worrying about the growing supply of government debt and accelerating inflation as oil and commodity prices have been rising in recent weeks.

Shell Is Second with 33% Estimated Earnings Growth
Mon, 23 Apr 2018 20:20:02 +0000
In this series, we’re ranking four integrated energy companies based on their likely earnings growth YoY (year-over-year). Royal Dutch Shell (RDS.A) occupies the second spot. In the previous part, we discussed BP (BP), which is expected to witness a 46% YoY rise in its earnings. Before we look at Shell’s 1Q18 estimates, we’ll review the company’s performance in 4Q17.

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