Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $115.00 short call and a strike $120.00 long call offers a potential 24.38% 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 $115.00 by expiration. The full premium credit of $0.98 would be kept by the premium seller. The risk of $4.02 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 21.76 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Chevron
Chevron is still going strong after 135 years
Mon, 13 Oct 2014 04:17:00 GMT
INDONESIA PRESS-Chevron reschedules $12 bln deep water gas project-Kontan
Mon, 13 Oct 2014 02:13:11 GMT
Mexico’s reforms favor Pemex, but all’s not lost for US companies
Fri, 10 Oct 2014 21:00:54 GMT
Feminists Weigh In for Chevron in Racketeering-Oil Pollution Case
Fri, 10 Oct 2014 14:42:21 GMT
US STOCKS-Wall St drops; energy sector set for worst week since 2011
Fri, 10 Oct 2014 14:38:42 GMT
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