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 4.28% return on risk over the next 11 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 $0.41 would be kept by the premium seller. The risk of $9.59 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 below 20 which suggests that the stock is in oversold territory.
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
Former Ecuadorean judge denies fraud, defends Chevron ruling
Tue, 05 Nov 2013 23:01:54 GMT
Reuters – The former Ecuadorean judge who issued a $19 billion pollution judgment against Chevron Corp testified on Tuesday that he wrote the ruling alone, two weeks after another judge testified that he had been paid to ghostwrite much of the decision. Chevron has accused U.S. lawyer Steven Donziger of bribing the judges to win the award for a group of villagers who lived in a contaminated area of northeastern Ecuador. On the surface, the statements from Nicolas Zambrano, the former judge who testified on Tuesday, appeared to go against Chevron’s claim that the judgment was a result of fraud. But during several hours of tough questioning in a federal court in New York, a Chevron lawyer was able to zero in on several potential discrepancies in the judge’s account.
JPMorgan Faces New Fines by EU Regulators and 2 Other Dow Movers to Watch
Tue, 05 Nov 2013 21:48:06 GMT
Wall St. Cheat Sheet – These stocks are moving the Dow now.
Chevron and Ukraine Set Shale Gas Deal
Tue, 05 Nov 2013 20:57:00 GMT
New York Times – The government hopes the project will reduce its dependence on Russian energy imports.
YPF Quarterly Profit Rises to 1.4 Billion Pesos on Production
Tue, 05 Nov 2013 20:50:05 GMT
Bloomberg – YPF SA, Argentina’s largest oil company, said third-quarter profit climbed 87 percent on higher production.
Ecuador Judge Says $19 Billion Chevron Ruling Was His Own
Tue, 05 Nov 2013 20:32:21 GMT
Bloomberg – A former Ecuadorean judge who issued a $19 billion pollution ruling against Chevron Corp. told a U.S. court that he worked alone on the case and denied the company’s allegation that his decision was ghostwritten….
Also on Market Tamer…
Follow Us on Facebook