Chevron (CVX) Offering Possible 14.68% Return Over the Next 11 Calendar Days

Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $118.00 short call and a strike $123.00 long call offers a potential 14.68% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $118.00 by expiration. The full premium credit of $0.64 would be kept by the premium seller. The risk of $4.36 would be incurred if the stock rose above the $123.00 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 below 20 which suggests that the stock is in oversold 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

How the Dow Jones industrial average fared Tuesday
Tue, 07 Oct 2014 20:51:10 GMT

Chevron Unit to Sell 30% Stake in Duvernay for $1.5B
Tue, 07 Oct 2014 20:00:03 GMT

Dow Jones (DJIA) Today: Chevron (CVX) Higher
Mon, 06 Oct 2014 18:00:00 GMT

Beaten Up Energy ETFs Offering Value
Mon, 06 Oct 2014 17:16:43 GMT

Sinking Oil Prices Make Chevron and Exxon Mobil Shares Attractive
Mon, 06 Oct 2014 15:44:00 GMT

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