Chevron's most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $123.00 short put and a strike $118.00 long put offers a potential 17.37% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $123.00 by expiration. The full premium credit of $0.74 would be kept by the premium seller. The risk of $4.26 would be incurred if the stock dropped below the $118.00 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 78.41 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
North Sea Oil Renaissance Could Flop
Mon, 08 Oct 2018 20:00:00 +0000
Despite a string of takeovers and minor exploration successes, the North Sea renaissance might falter due to a lack of government support
The Crude Oil Price Divergence Is Hurting the Global Economy
Mon, 08 Oct 2018 14:32:47 +0000
West Texas Intermediate (WTI) oil and Brent North Sea (Brent) oil are based on the same underlying commodity: a black liquid that can be heated, or refined, to make many products that we burn for energy. The difference between WTI crude oil prices – which is the cost of U.S. oil – and Brent crude oil prices – the cost of oil produced outside the U.S. – was supposed to disappear after the U.S. began allowing oil exports in 2016. The difference, or spread, between the two crude oil prices was just 20 cents in January 2016.
What Makes Chevron Corporation (NYSE:CVX) A Great Dividend Stock?
Mon, 08 Oct 2018 12:17:03 +0000
Over the past 10 years Chevron Corporation (NYSE:CVX) has grown its dividend payouts from $2.6 to $4.48. With a market cap of US$240.2b, Chevron pays out 69% of its earnings,
Comparing XOM, CVX, Shell, and BP’s Implied Gains
Mon, 08 Oct 2018 11:30:37 +0000
In the previous part, we started to review analysts’ ratings for integrated energy firms before their third-quarter earnings. We compared the overall ratings of four firms—ExxonMobil (XOM), Royal Dutch Shell (RDS.A), BP (BP) and Chevron (CVX). We also looked at analysts’ ratings for Shell and Chevron. Now, we’ll discuss analysts’ rating for BP and ExxonMobil.
Saudi Prince Sees Deal With Kuwait to Restart Oil Fields ‘Soon’
Sat, 06 Oct 2018 12:10:45 +0000
“We believe that we are almost close to having something with Kuwait,” Crown Prince Mohammed Bin Salman, who met with Kuwait’s Emir Sheikh Sabah Al-Ahmed Al-Sabah on Sunday, said in an interview at a royal palace in Riyadh.
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