Chevron's most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $110.00 short put and a strike $100.00 long put offers a potential 9.05% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $110.00 by expiration. The full premium credit of $0.83 would be kept by the premium seller. The risk of $9.17 would be incurred if the stock dropped below the $100.00 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 22.68 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Chevron
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Mon, 10 Feb 2014 23:19:58 GMT
Interesting April Stock Options For CVX
Mon, 10 Feb 2014 18:14:00 GMT
ConocoPhillips vs. Chevron: Which Is the Better Buy Now?
Mon, 10 Feb 2014 18:02:54 GMT
Bad Quarter? Chevron Continues To Act Intelligently
Sat, 08 Feb 2014 13:01:19 GMT
MRC Global Announces Chevron Award
Fri, 07 Feb 2014 00:30:05 GMT
noodls – HOUSTON , Feb. 6, 2014 /PRNewswire/ — MRC Global Inc. (NYSE: MRC) announced today that Chevron USA Inc. has added MRC Global and its subsidiaries as a strategic valve supplier on the Future Growth Project …
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