Chevron (CVX) Offering Possible 60.77% Return Over the Next 14 Calendar Days

Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $88.50 short call and a strike $93.50 long call offers a potential 60.77% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $88.50 by expiration. The full premium credit of $1.89 would be kept by the premium seller. The risk of $3.11 would be incurred if the stock rose above the $93.50 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 46.46 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

Sasol to sell Escravos gas-to-liquids plant to Chevron
Wed, 01 Jul 2020 14:38:01 +0000
South African petrochemicals giant Sasol said on Wednesday it would sell its indirect interest in the Escravos gas-to-liquids (EGTL) plant in Nigeria to Chevron for an undisclosed sum. The world's top manufacturer of motor fuel from coal said it would continue to support Chevron in the performance of the EGTL plant through ongoing catalyst supply, technology and technical assistance. The company said other sale processes, including its interests in the Republic of Mozambique Pipeline Investment Company pipeline and Central Termica de Ressano Garcia gas-fired power plant in Mozambique, are well underway.

Sell Exxon Stock Ahead of Earnings, Buy Chevron ConocoPhillips, Says Goldman
Wed, 01 Jul 2020 14:18:00 +0000
Goldman analyst Neil Mehta focuses on free cash flow. ConocoPhillips and Chevron “could see net debt broadly unchanged at quarter-end.” But Exxon could see “large debt builds.”

‘We're seeing reservations start to come back, particularly in air’: AAA Northeast
Wed, 01 Jul 2020 14:07:40 +0000
AAA Northeast’s Robert Sinclair joins The First trade to discuss the difficulties surrounding the summer travel businesses and what these businesses have done to adapt.

The Zacks Analyst Blog Highlights: Visa, JPMorgan Chase, Bank of America, Chevron and Eli Lilly
Wed, 01 Jul 2020 13:39:01 +0000
The Zacks Analyst Blog Highlights: Visa, JPMorgan Chase, Bank of America, Chevron and Eli Lilly

Markets Book Best Quarterly Gains in 20 Years: 4 Stocks to Buy
Wed, 01 Jul 2020 13:12:01 +0000
With the Dow and the S&P 500 booking their best quarterly performance since 1987, one could consider stepping into the markets again with an investment perspective.

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