Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $112.00 short call and a strike $117.00 long call offers a potential 10.86% 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 $112.00 by expiration. The full premium credit of $0.49 would be kept by the premium seller. The risk of $4.51 would be incurred if the stock rose above the $117.00 long call 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 down which suggests that the medium-term momentum for Chevron is bearish.
The RSI indicator is at 34.92 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Chevron
BHP Billiton approves $2.2 billion for U.S. Mad Dog oil project
Thu, 09 Feb 2017 07:10:08 GMT
Other – MELBOURNE (Reuters) – BHP Billiton (BHP.AX)(BLT.L) on Thursday approved its $2.2 billion (1.7 billion pounds) share of investment for the second phase of the Mad Dog oilfield in the Gulf of Mexico, as …
BP’s 4Q16 Segmental Review: Upstream Swings to Profit
Wed, 08 Feb 2017 21:05:43 GMT
Crude Oil Price Tumbled Early on Massive Addition to US Inventories
Wed, 08 Feb 2017 16:10:18 GMT
Stock Futures Turn Lower as Oil Prices Decline
Wed, 08 Feb 2017 13:47:00 GMT
Parsley Energy Pays $2.8 Billion In Another Permian Deal, Updates Guidance
Wed, 08 Feb 2017 03:25:45 GMT
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