Chevron (CVX) Offering Possible 7.07% Return Over the Next 8 Calendar Days

Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $130.00 short call and a strike $135.00 long call offers a potential 7.07% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $130.00 by expiration. The full premium credit of $0.33 would be kept by the premium seller. The risk of $4.67 would be incurred if the stock rose above the $135.00 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 31.45 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

Ecuador's Pricey PR Fuels Fight Against Chevron in Pollution Case
Mon, 14 Jul 2014 10:00:13 GMT

Chevron Lacks Growth
Sun, 13 Jul 2014 21:13:55 GMT

Chevron – Steady As She Goes, No Real Surprises In Second Quarter Update
Sun, 13 Jul 2014 07:09:05 GMT

Stock Pops & Drops: GPS, CVX, MDLZ, FINL
Fri, 11 Jul 2014 21:45:00 GMT

Stocks close higher after Thursday's drama
Fri, 11 Jul 2014 21:02:26 GMT

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