Chevron (CVX) Offering Possible 16.55% Return Over the Next 21 Calendar Days

Chevron's most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $116.00 short put and a strike $111.00 long put offers a potential 16.55% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $116.00 by expiration. The full premium credit of $0.71 would be kept by the premium seller. The risk of $4.29 would be incurred if the stock dropped below the $111.00 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

Shale CEOs: More pipelines needed in Appalachia, fast
Wed, 27 Sep 2017 20:55:08 +0000
Two key leaders in the natural gas industry called for a faster pace of pipeline construction to bolster Appalachia’s energy industry during the first day of a shale conference in Pittsburgh. “We must continue to invest in the necessary infrastructure to transport oil and natural gas to markets more quickly,” said XTO Energy President Sara Ortwein. For the shale industry, putting enough pipelines into operation to move the Marcellus and Utica production from the wells to markets is critical.

Top Oil Stocks Near Buy Zones Ahead Of Key Supply, Output Report
Wed, 27 Sep 2017 20:06:42 +0000
U.S. crude edged up and Brent stayed near highs Wednesday, as analysts expect a fourth week of U.S. oil stockpile declines.

Rising Demand Will Continue To Drive The Rally In Crude Oil Prices
Wed, 27 Sep 2017 15:35:00 +0000
The flat forward curve for oil underrepresents the impact of rising demand.

This Company Has Raised Its Dividend 29 Years In A Row
Wed, 27 Sep 2017 15:03:16 +0000
Chevron's revenue fell for a fifth consecutive year in 2016. The Street expects revenue to rise about 18% this year.

How To Trade Stocks Using Blogger Sentiment
Wed, 27 Sep 2017 14:17:38 +0000
As a shorthand for current or potential trends, sentiment is a great gut check on how various segments of the stock market ecosystem are feeling on a particular stock. While sentiment from professional …

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