Chevron (CVX) Offering Possible 20.48% Return Over the Next 37 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 20.48% return on risk over the next 37 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 $1.70 would be kept by the premium seller. The risk of $8.30 would be incurred if the stock dropped below the $110.00 long put 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 up which suggests that the medium-term momentum for Chevron is bullish.

The RSI indicator is at 78.5 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

Chevron Leads These Five Industrial Stocks Trading Near Buy Points
Mon, 11 Dec 2017 21:15:10 +0000
Your stocks to watch this week are five industrial names near buy points: Dow components Chevron and 3M along with Vale, Terex and Manitowoc.

Can Shell (RDS.A) Stock Continue Its Upward Movement?
Mon, 11 Dec 2017 19:21:07 +0000
The oil rally has contributed to a nice run for Shell (RDS.A) with its stock price jumping approximately 14.7% since September, outperforming the industry's 10.4% growth.

Disney, Chevron, 3M stocks help Dow industrials firm early gain
Mon, 11 Dec 2017 15:09:30 +0000
The Dow Jones Industrial Average saw early gains firm on Monday, buoyed by early share rises in Walt Disney Co., Chevron Corp., and 3M Co. Shares of those Dow components were adding about 30 points to …

5 Top Oil Dividend Stocks to Buy Now
Sat, 09 Dec 2017 15:33:00 +0000
While oil stock dividends are down significantly in recent years due to lower prices, these five producers offer attractive yields that they can easily support at current oil prices.

This Chevron Economist Isn’t Worried About Electric Cars
Fri, 08 Dec 2017 23:14:26 +0000
Chevron Corp.’s Senior Economist Adam Karson may have put down a deposit on a Tesla 3 but he doesn’t see electric cars upending his employer’s business any time soon.

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