Chevron (CVX) Offering Possible 20.19% Return Over the Next 15 Calendar Days

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 20.19% return on risk over the next 15 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 $0.84 would be kept by the premium seller. The risk of $4.16 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 above 80 which suggests that the stock is in overbought 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

Oil Holds Near Four-Year High Amid Falling Iranian Exports
Tue, 02 Oct 2018 20:35:59 +0000
Meanwhile, the new U.S.-Mexico-Canada Agreement, which superseded the 24-year-old North American Free Trade Agreement, eased some concerns about global commerce. “Today was a bit of a respite,” said Bart Melek, head commodity strategist at Toronto Dominion Bank. OPEC and its allies are also showing little enthusiasm for boosting output despite President Donald Trump’s demand for lower prices.

Active Traders Shift Their Focus to Energy
Tue, 02 Oct 2018 20:05:00 +0000
Companies that do business in the oil, gas and consumable fuel, energy equipment, and related service industries have been quietly outperforming other segments of the market over the past several weeks. Recent breakouts on the charts from across the energy sector, three of which are discussed in the paragraphs below, are causing active traders to take note, and many are now talking of a continued move higher for the remainder of 2018. Trendlines are commonly used tools by active traders because they clearly outline key areas of support and resistance.

Bullish call on a big oil company
Tue, 02 Oct 2018 18:02:00 +0000
The "Halftime Report" traders debate Goldman Sachs adding Chevron to its Conviction Buy list.

Saudi-Kuwaiti Talks on Shared Oil Stall Over Chevron
Tue, 02 Oct 2018 15:21:23 +0000
Talks between Saudi Arabia and Kuwait to restart two oil fields in a neutral zone between the countries have stalled again, this time over the role of Chevron Corp., according to people familiar with the matter. Energy ministers from both nations met in Kuwait on Sunday, seeking a resolution over Khafji and Wafra, which were halted in 2014 and 2015, respectively. Among the unresolved issues is Kuwait’s insistence that Chevron no longer operate at Wafra, the people said, asking not to be identified discussing private matters.

Top Stock Reports for Chevron, Amgen & Thermo Fisher
Tue, 02 Oct 2018 14:38:02 +0000
Top Stock Reports for Chevron, Amgen & Thermo Fisher

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