Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $113.00 short call and a strike $118.00 long call offers a potential 34.77% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $113.00 by expiration. The full premium credit of $1.29 would be kept by the premium seller. The risk of $3.71 would be incurred if the stock rose above the $118.00 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 33.85 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Chevron
Low oil price will not deter Chevron from new projects in Mexico
Mon, 01 Dec 2014 23:13:10 GMT
Reuters – Slumping international crude oil prices will not play a major role for U.S. oil major Chevron Corp as it determines future investment opportunities in Mexico's newly opened energy sector, a top company …
Low oil price will not deter Chevron from new projects in Mexico
Mon, 01 Dec 2014 22:57:00 GMT
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Mon, 01 Dec 2014 16:52:53 GMT
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Mon, 01 Dec 2014 15:43:55 GMT
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Mon, 01 Dec 2014 15:40:00 GMT
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