Chevron (CVX) Offering Possible 9.89% 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 $124.00 short call and a strike $129.00 long call offers a potential 9.89% 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 $124.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock rose above the $129.00 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 29.72 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 Shuts Pipeline After Accident
Mon, 15 Sep 2014 04:21:38 GMT

Chevron shuts natgas pipeline that feeds major Louisiana hub
Sun, 14 Sep 2014 23:38:12 GMT
Reuters – A Gulf of Mexico natural gas pipeline that feeds a main supply point in Louisiana remained shut-in on Sunday following an accident that killed a contractor the day before, Chevron Pipe Line said. The closed gas pipeline is part of the Henry Hub natural gas hub, the benchmark supply point in the state. Chevron Pipe Line “is continuing to depressurize the natural gas gathering line offshore Louisiana. A contractor died and two other workers suffered minor injuries while performing routine maintenance on the pipeline on Saturday.

Why energy investors keep close track of crude oil inventories
Fri, 12 Sep 2014 20:31:51 GMT

Stocks close down ahead of Fed meeting; energy hit
Fri, 12 Sep 2014 20:07:20 GMT

[$$] Chevron CEO Sees Limit to Decline in Crude Prices
Fri, 12 Sep 2014 18:46:10 GMT

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