Chevron's most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $115.00 short put and a strike $105.00 long put offers a potential 10.74% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $115.00 by expiration. The full premium credit of $0.97 would be kept by the premium seller. The risk of $9.03 would be incurred if the stock dropped below the $105.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Chevron is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Chevron is bullish.
The RSI indicator is at 76.36 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
3 Questions to Ask Before You Buy a Dividend Stock
Sun, 18 Dec 2016 18:20:57 GMT
U.S. Oil Rig Count Hits 11-Month High As Goldman Raises Price Outlook
Fri, 16 Dec 2016 21:28:37 GMT
Suncor Energy Inc.'s Best Moves in 2016
Fri, 16 Dec 2016 20:07:27 GMT
Dow 30 Stock Roundup: Boeing, GE Raise Dividends; ExxonMobil Gets New CEO
Fri, 16 Dec 2016 20:03:08 GMT
3 No-Brainer Stocks to Buy for Retirement
Fri, 16 Dec 2016 19:40:02 GMT
Also on Market Tamer…
Follow Us on Facebook