Chevron Offering Possible 17.23% Return Over the Next 32 Calendar Days

Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $120.00 short call and a strike $130.00 long call offers a potential 17.23% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $120.00 by expiration. The full premium credit of $1.47 would be kept by the premium seller. The risk of $8.53 would be incurred if the stock rose above the $130.00 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 30.2 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

EPA: Chevron violated law at California refinery
Wed, 18 Dec 2013 01:12:08 GMT

EPA: Chevron violated law at California refinery
Wed, 18 Dec 2013 01:12:08 GMT
AP – Chevron Corp. failed to maintain equipment at a California refinery and has not responded adequately to multiple airborne chemical releases, the U.S. Environmental Protection Agency said Tuesday. The EPA …

18/12/2013 UGL secures Chevron maintenance contract
Tue, 17 Dec 2013 23:14:47 GMT
noodls – ASX Release 18 December 2013 UGL secures Chevron maintenance contract Sydney: UGL Limited (ASX: UGL) today announced that it has been awarded a new five year contract by Chevron Australia Pty Ltd (“Chevron”) …

Stocks Fall: What to Expect When You're Expecting Tapering?
Tue, 17 Dec 2013 21:47:00 GMT
Barrons.com – Stocks stalled ahead of tomorrow's Fed announcement, thanks to big drops from Delta Air Lines (DAL), Noble Energy (NBL) and Regeneron Pharmaceuticals (REGN), Chevron (CVX) and JPMorgan Chase (JPM). The S&P 500 fell 0.3% to 1,781, as Delta Air Lines dropped 3.5% to $26.94, Noble Energy declined 2.6% to $67.61 as oil fell, and Regeneron finished down 2.5% to $261.88. The Dow Jones Industrial Average dropped 0.1% to 15,875.26, pulled down by big losses in Chevron, which declined 1.2% to $118.74 on news that Ecuador could seek to collect a $9.5 billion judgment, and JPMorgan Chase, which dropped 1.2% to $55.72 after RBC said it had the least buyback potential among the major banks.

Judges re-open Chevron-Ecuador enforcement action in Canada
Tue, 17 Dec 2013 21:41:04 GMT
Reuters – An Ontario appeals court ruled on Tuesday that a group of Ecuadoreans can seek enforcement in Canada of a $9.5 billion judgment against U.S. oil company Chevron Corp, overturning a lower court decision from earlier in the year. In the latest turn of a two-decade conflict between Chevron and residents of Ecuador's Lago Agrio region in the Amazon jungle, a three-judge panel said the case should proceed, which means the Ecuadoreans can seek damages in Canada that were originally awarded to them in a South American court two years ago. The decision overturns a May ruling by Ontario Superior Court Justice David Brown, who had granted Chevron a stay in the proceedings on the basis that the case had little hope of success and that Chevron Canada's assets were not directly owned by Chevron Corp. The plaintiffs have gone to Canada to target what they say are Chevron's $15 billion worth of assets in the country.

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