Chevron (CVX) Offering Possible 29.87% Return Over the Next 24 Calendar Days

Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $106.00 short call and a strike $111.00 long call offers a potential 29.87% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $106.00 by expiration. The full premium credit of $1.15 would be kept by the premium seller. The risk of $3.85 would be incurred if the stock rose above the $111.00 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 30.31 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

Big Oil Investors Give Cold Shoulder to Environmental Changes
Tue, 26 May 2015 04:59:03 GMT

Oil Becoming ‘Mundane Return-on-Capital' Business to Chanos
Mon, 25 May 2015 11:07:41 GMT

Buy Exxon and sell Chevron — IF you think oil will hover at $60 per barrel
Fri, 22 May 2015 14:04:12 GMT

Chevron CEO John Watson on oil prices, what makes America No. 1 in energy, and why he wants to keep his company in California
Thu, 21 May 2015 16:30:00 GMT

Chevron vs. ExxonMobil — Which Big Oil Stock Should You Buy?
Thu, 21 May 2015 13:34:00 GMT

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