Chevron (CVX) Offering Possible 10.74% Return Over the Next 28 Calendar Days

Chevron's most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $120.00 short put and a strike $110.00 long put offers a potential 10.74% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $120.00 by expiration. The full premium credit of $0.97 would be kept by the premium seller. The risk of $9.03 would be incurred if the stock dropped below the $110.00 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 above 80 which suggests that the stock is in overbought territory.

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

Permian Oil Production Growth to Continue: 5 Stocks in Focus
Wed, 18 Sep 2019 21:35:09 +0000
Production from the Permian Basin of Texas and New Mexico is set to climb by 71,000 barrels per day to a record of about 4.485 million barrels per day in October.

6 Large-Cap Stocks With High Dividend Yields
Wed, 18 Sep 2019 21:04:04 +0000
Exxon Mobil tops the list Continue reading…

Chevron-backed Seattle startup scores breakthrough deal with Toyota
Wed, 18 Sep 2019 18:35:13 +0000
A new factory in Houston will boost production of Modumetal's rust-busting coatings for fasteners used in the oil and gas sector. The companies are also eyeing expansion to the construction and automotive markets.

Oil Down on Stockpile Build; Saudi Worries Limit Losses
Wed, 18 Sep 2019 16:13:00 +0000
Investing.com – Oil prices fell on Wednesday after the first U.S. inventory build in four weeks, but losses were kept in check on news that the United States was seeking to build a coalition of European and Arab partners to deter Iran after an attack on Saudi Arabia.

The Zacks Analyst Blog Highlights: Chevron, Walmart, ConocoPhillips, TransDigm and Phillips 66 Partners
Wed, 18 Sep 2019 14:31:02 +0000
The Zacks Analyst Blog Highlights: Chevron, Walmart, ConocoPhillips, TransDigm and Phillips 66 Partners

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