Chevron (CVX) Offering Possible 40.85% 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 40.85% 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 $1.45 would be kept by the premium seller. The risk of $3.55 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 41.25 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Chevron

Why Chevron’s purchase of Anadarko won’t lead to a flurry of oil deals
Wed, 24 Apr 2019 09:10:00 +0000
Fear of missing out on oil assets in the Permian Basin is overblown, says Janus Henderson analyst Noah Barrett.

Shell’s First-Quarter Earnings Prospects by Segment
Tue, 23 Apr 2019 21:40:02 +0000
Will Shell’s Q1 Earnings Meet Wall Street Estimates?(Continued from Prior Part)Shell’s earnings trends by segmentLet’s analyze Royal Dutch Shell’s (RDS.A) earnings performance by segment in the fourth quarter and then move on to Shell’s

Anadarko Changed CEO's Potential Payout Before Chevron Deal
Tue, 23 Apr 2019 19:24:12 +0000
The board also eliminated a provision that would have reduced Walker’s potential payout because he hasn’t yet reached age 65, according to an April 17 regulatory filing. The tweaks, approved on April 11, also included a vow to cover excise taxes on golden parachute payments to Anadarko’s top bosses — a type of benefit that many shareholders have criticized for years. In addition to Walker, 62, President Robert Gwin, Chief Financial Officer Ben Fink and three executive vice presidents will receive 200 percent of their target bonuses for 2019 just before the deal is completed, according to the filing, which was reported earlier by the Wall Street Journal.

2 Longs, 1 Short in Energy Stocks: FSLR, EXC and CVX
Tue, 23 Apr 2019 16:11:14 +0000
Earth Day came and went, but hopefully not without leaving a positive impression on individuals and their day-to-day actions. But if you want to make a constructive impact on your investment portfolio, two buys and one short in the following energy stocks should be on your trading radar right now.Ironically, and many will say perversely enough, the price of oil — that non-renewable and dirty fossil fuels — spiked to fresh five-month highs to kick off the trading week on Earth Day, a celebration of sustainability for our planet.Who says the market doesn't have a sense of humor?InvestorPlace – Stock Market News, Stock Advice & Trading Tips * 10 High-Yielding Dividend Stocks That Won't Wilt Still, while black gold is enjoying sunnier conditions, the trend toward using cleaner alternatives within the energy industry shouldn't be overlooked. This includes being informed of the price charts of energy stocks Chevron (NYSE:CVX), First Solar (NASDAQ:FSLR) and Exelon (NYSE:EXC). Here's how to capitalize on this necessary industry revolution with two longs and one short. Chevron (CVX) Click to EnlargeCVX, the first on this list of energy stocks, is the largest, dirtiest and most unsustainable outfit of the three industry players. And it's also my short play within the group.As the monthly chart of CVX stock reveals, Wall Street remains enthusiastic about Chevron. Shares have been trending higher since 2003 and are only a handful of percentage points have been removed from last month's narrow miss of taking out January 2018's all-time-high.But just as trends like how we go about sourcing our electricity change, so do price charts for energy stocks like Chevron. And I think today's long-standing uptrend is bound to unravel … and it could start with something as simple as CVX stock's developing double top pattern.With earnings on tap later this week on Friday, my recommendation is to short CVX beneath this month's low of $119. This entry would put shares back below the March candlestick as key lateral support becomes resistance and April puts the finishing touches on an engulfing bearish formation. First Solar (FSLR) Click to EnlargeFirst Solar is the country's largest player in the solar energy industry. And if the price chart has any say in those matters, FSLR stock is about to become larger.Since cratering to an all-time-low in 2012, shares of First Solar have, while volatile, been moving higher over time. The price action in this energy stock has taken on a bullish inverse head and shoulders pattern.A neckline breakout and pattern confirmation of a much larger move still have some distance to go before FSLR stock is in position for that sort of technical challenge. But I'm bullish on this energy stock today.Shares of First Solar have been consolidating laterally for the several sessions while using the 50% retracement level for technical support. My recommendation is to buy FSLR stock above the pattern high of $61.23 in anticipation of a quick move toward the larger formation's neckline. * 7 Small-Cap Growth ETFs For Adventurous Investors With a potential earnings catalyst around the corner and FSLR stock known for its volatile reactions, I'd also suggest buying any pre-earnings breakouts in conjunction with a collar strategy to guard against uncontrolled and potentially much larger-than-expected portfolio risk. Exelon (EXC) Click to EnlargeYou may not have heard of Exelon, but ignorance is not bliss. EXC stock is a controversial alternative within the trend of more sustainable and cleaner energy alternatives. Despite not being a household name, Exelon is the country's largest operator of nuclear plants in the U.S with a portfolio of 23 reactors under its care.Nuclear energy, of course, doesn't emit greenhouse gases. That's really good news. But in its most widely used form to generate electricity there are real issues like safely housing radioactive waste, dealing with possible harmful meltdowns, weapons proliferation and high operating costs. Still, don't let that stop you from buying EXC stock today.While we wait on Microsoft (NASDAQ:MSFT) founder Bill Gates' TerraPower or other startups such as Terrestrial Energy and Oklo to solve nuclear energy's shortcomings, for now, EXC stock is the $46 billion elephant in the room. And it's not one to shut the doors on. And Wall Street appears to agree.The monthly chart of EXC stock shows that following a steep and prolonged bear market from 2009 through 2013, shares have been moving higher and increasingly, within a steadier uptrend as investors open their eyes and wallets toward this energy stock.Now, with shares of Exelon safely above the 62% retracement level, it looks like "all systems go" for this nuclear play. My recommendation would be to buy EXC's current pullback, which barely shows up on the monthly view. As a safety measure, and to avoid any potential meltdowns, using an initial stop-loss of 7% also makes good sense.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post 2 Longs, 1 Short in Energy Stocks: FSLR, EXC and CVX appeared first on InvestorPlace.

Chevron's Surprising Oil Deal Makes Perfect Sense
Tue, 23 Apr 2019 15:18:55 +0000
Drilling down into Chevron's acquisition of Anadarko.

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