Chevron (CVX) Offering Possible 20.48% Return Over the Next 18 Calendar Days

Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $117.00 short call and a strike $122.00 long call offers a potential 20.48% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $117.00 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock rose above the $122.00 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 64.95 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

Oil price swoon pulls WTI crude to 3-year low
Wed, 05 Nov 2014 00:57:53 GMT

European oil firms suffer decade of disruptions to succession plans
Tue, 04 Nov 2014 22:43:45 GMT

US STOCKS-S&P 500, Nasdaq slip; falling oil prices weigh on energy
Tue, 04 Nov 2014 22:27:03 GMT

Stocks close mixed: S&P drops, Dow bumps up
Tue, 04 Nov 2014 21:41:45 GMT

How the Dow Jones industrial average fared Tuesday
Tue, 04 Nov 2014 21:38:44 GMT

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