Chevron (CVX) Offering Possible 10.13% Return Over the Next 12 Calendar Days

Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $128.00 short call and a strike $133.00 long call offers a potential 10.13% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $128.00 by expiration. The full premium credit of $0.46 would be kept by the premium seller. The risk of $4.54 would be incurred if the stock rose above the $133.00 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 49.56 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

Stocks mostly fall; energy sector hit by oil's drop
Mon, 08 Sep 2014 20:34:23 GMT

GoPro Spiking Higher Despite Markets Moving Lower in Midday Trading
Mon, 08 Sep 2014 15:52:00 GMT

Chevron Is Fading
Fri, 05 Sep 2014 16:11:00 GMT

Chevron fined $278,000 over Richmond plant
Fri, 05 Sep 2014 16:01:53 GMT

Chevron fined $278,000 over Richmond plant
Fri, 05 Sep 2014 16:01:53 GMT

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