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 5.26% return on risk over the next 31 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 $0.50 would be kept by the premium seller. The risk of $9.50 would be incurred if the stock dropped below the $110.00 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 33.64 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Chevron
Argentina drafts energy bill to lure investors to shale deposits
Wed, 17 Sep 2014 20:42:14 GMT
Chevron will stay in Scotland regardless of referendum, CEO says
Tue, 16 Sep 2014 21:25:30 GMT
Chevron’s Search for Alternative Fuels Stumps Best Minds
Tue, 16 Sep 2014 17:19:02 GMT
Chevron Selects Nation’s Top Teen Tractor Restoration Experts
Tue, 16 Sep 2014 04:34:00 GMT
Business Wire – Chevron Products Company, a Chevron U.S.A. Inc. division, maker of the Delo® brand of technologically advanced engine oils, lubricants and coolants, today announced the finalists for its 2014 Delo Tractor Restoration Competition.
How to Profit from the Growing Trend in Pipeline Safety
Tue, 16 Sep 2014 04:00:00 GMT
Accesswire – London, England / ACCESSWIRE / September 16, 2014 / As of 2012, the total mileage of interstate natural gas transmission pipelines surpassed 303,000 miles in the United States, and for crude oil and petroleum …
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