Chevron (CVX) Offering Possible 42.45% Return Over the Next 36 Calendar Days

Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $95.00 short call and a strike $100.00 long call offers a potential 42.45% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $95.00 by expiration. The full premium credit of $1.49 would be kept by the premium seller. The risk of $3.51 would be incurred if the stock rose above the $100.00 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 60.59 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 Receives UBS Downgrade, Strictly on Valuation
Tue, 12 May 2020 16:20:00 +0000
UBS analysts laud Chevron for its financial performance but the stock has nearly reached their price target.

Williams (WMB) Clinches Deepwater Anchor Transportation Deal
Tue, 12 May 2020 16:17:04 +0000
Williams (WMB) secures a transportation pact to supply natural gas from the massive Anchor field in the deepwater Gulf of Mexico to the Discovery system.

CORRECTED-Saudi Aramco debt to climb as world's largest dividend weighs
Tue, 12 May 2020 14:56:23 +0000
Saudi Aramco's debt is expected breach target levels as an oil price collapse triggered by the coronavirus forces it to borrow to meet the world's largest dividend pledge and buy a major stake in petrochemicals maker SABIC, analysts said. Compared with western oil companies, Saudi Arabia's national oil company appears in robust financial health.

3 Energy Stocks to Buy Right Now
Tue, 12 May 2020 11:33:00 +0000
Israel-based SolarEdge (NASDAQ: SEDG) is the gift that keeps on giving. Although SolarEdge languished for a few years, the stock has been on a meteoric rise since about March 2019. It's perfectly understandable to be hesitant to buy SolarEdge after its recent rise, but at the very least you should consider adding the company to your watch list.

Oil Rises as Saudi Arabia Plans Deeper Cuts
Mon, 11 May 2020 15:30:00 +0000
The kingdom is trying to use its leverage to convince other oil-producing nations to reduce production as well.

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