Chevron (CVX) Offering Possible 57.23% Return Over the Next 13 Calendar Days

Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $85.00 short call and a strike $90.00 long call offers a potential 57.23% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $85.00 by expiration. The full premium credit of $1.82 would be kept by the premium seller. The risk of $3.18 would be incurred if the stock rose above the $90.00 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 below 20 which suggests that the stock is in oversold 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

Tight Race For Worst Dow Jones Stock Of 2020 Came Down To Last Day
Thu, 31 Dec 2020 22:11:06 +0000
The worst-performing Dow Jones stocks this year include Boeing, Walgreens Boots Alliance, Chevron, Intel and Merck.

How Barron’s Has Helped Investors Understand a World Marked by Upheaval for 100 Years
Thu, 31 Dec 2020 19:29:00 +0000
Kicking off our centennial celebration, we look back on the changing world that Clarence W. Barron sought to understand and explain—and how his spirit continues to inform our coverage of modern events.

Oceaneering to Supply Hydraulic Connection Hardware for Chevron
Wed, 30 Dec 2020 15:57:03 +0000
Oceaneering (OII) wins a contract from OneSubsea to supply subsea hydraulic hardware to Chevron (CVX) for the latter's Anchor field development project.

3 Top Stocks You Can Buy on Sale
Wed, 30 Dec 2020 13:45:00 +0000
If you want to increase your chances of benefitting from such recoveries, you should take a closer look at Boeing (NYSE: BA), Chevron (NYSE: CVX), and Lumen Technologies (NYSE: LUMN) stocks. Airframe manufacturer Boeing has had a rough couple of years. In 2020, it took an even bigger hit as COVID-19 walloped the airline industry and evaporated demand for new Boeing aircraft of any kind, not just the 737 MAX.

Chevron (CVX) Dips More Than Broader Markets: What You Should Know
Tue, 29 Dec 2020 22:45:10 +0000
Chevron (CVX) closed the most recent trading day at $84.61, moving -0.34% from the previous trading session.

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