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 38.89% return on risk over the next 25 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 $1.40 would be kept by the premium seller. The risk of $3.60 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 at 48.11 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 Sanctions Stampede Project in the Deepwater U.S. Gulf of Mexico
Wed, 29 Oct 2014 00:16:00 GMT
Business Wire – Chevron Corporation announced today that its subsidiary, Union Oil Company of California , has reached a final investment decision to proceed with the development of the Hess Corporation-operated Stampede project in the deepwater U.S.
ONEOK Partners (OKS) to Acquire Natural Gas Liquids Assets
Tue, 28 Oct 2014 21:43:29 GMT
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Tue, 28 Oct 2014 20:16:49 GMT
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Tue, 28 Oct 2014 18:36:33 GMT
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