Chevron (CVX) Offering Possible 20.77% Return Over the Next 28 Calendar Days

Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $101.00 short call and a strike $106.00 long call offers a potential 20.77% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $101.00 by expiration. The full premium credit of $0.86 would be kept by the premium seller. The risk of $4.14 would be incurred if the stock rose above the $106.00 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 37.01 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

Dow Jones Up 270 Points After Coca-Cola, Johnson & Johnson, Verizon Announce Earnings
Wed, 21 Jul 2021 20:44:00 +0000
The Dow Jones Industrial Average (DJINDICES: ^DJI) is back on a winning streak, marking its second day of gains with a 270 point move higher at 3:39 p.m. EDT on July 21. Today's biggest gainer is oil and gas giant Chevron (NYSE: CVX), up 4% on a big surge in oil prices. The biggest Dow news today is earnings from Coca-Cola (NYSE: KO), Johnson & Johnson (NYSE: JNJ), and Verizon Communications (NYSE: VZ), all of which reported their latest quarterly results before market open today.

Chevron's (CVX) Gorgon Project Misses Carbon Capture Target
Wed, 21 Jul 2021 17:22:05 +0000
Per management, Chevron (CVX) cannot realize its projected injection rates with the Gorgon LNG plant only absorbing a sliver of the carbon capture predicted in its first five years of activity.

4 Dow Stocks With 48% to 58% Upside, According to Wall Street
Wed, 21 Jul 2021 10:06:00 +0000
For the past 125 years, arguably no stock index has been more widely followed than the Dow Jones Industrial Average (DJINDICES: ^DJI). The Dow Jones, which is comprised of 30 profitable, time-tested, multinational businesses, has become a barometer to gauge the health of the U.S. stock market. Wall Street's high-water one-year price target for each of the following four Dow stocks implies upside ranging from 48% to as much as 58%.

Could This Be The Most Promising Oil Play Of The Decade?
Wed, 21 Jul 2021 00:00:00 +0000
We haven’t seen an oil play like this in decades, and some investors may be diving in head first

Chevron (CVX) Gains But Lags Market: What You Should Know
Tue, 20 Jul 2021 21:45:09 +0000
In the latest trading session, Chevron (CVX) closed at $96.53, marking a +0.59% move from the previous day.

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