Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $110.00 short call and a strike $120.00 long call offers a potential 12.49% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $110.00 by expiration. The full premium credit of $1.11 would be kept by the premium seller. The risk of $8.89 would be incurred if the stock rose above the $120.00 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 43.47 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Chevron
Huge response to high-quality trades on busy issuance day
Tue, 24 Feb 2015 23:32:28 GMT
Reuters – UK Focus – By Danielle Robinson NEW YORK, Feb 24 – Eli Lilly, Chevron and Kimberly-Clark were flooded with a total US$30bn of orders for US$8.7bn of new bonds as investors welcomed the opportunity to buy benchmark …
Chevron Raises $6.35 Billion in Biggest Oil Bond Deal Since Rout
Tue, 24 Feb 2015 23:12:09 GMT
Wait For the ‘Second Low' Before Buying Energy Stocks
Tue, 24 Feb 2015 20:24:00 GMT
Chevron Corporation — Moody's rates Chevron's proposed notes Aa1
Tue, 24 Feb 2015 16:43:03 GMT
Chevron: Weak Oil + Expensive Shares = Downgrade
Tue, 24 Feb 2015 15:17:00 GMT
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