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 66.67% return on risk over the next 16 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 $2.00 would be kept by the premium seller. The risk of $3.00 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 at 32.51 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
Chevron Corporation (CVX): Hedge Funds Taking Some Chips Off The Table
Tue, 01 Sep 2020 02:11:45 +0000
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
Australia's Ampol sued by Chevron over alleged 'Caltex' branding breaches
Mon, 31 Aug 2020 23:14:15 +0000
Chevron is alleging these breaches occurred due to Ampol's usage of “non-compliant” signage at 177 of its about 800 controlled retail sites, and is seeking an order for removal of the signage and damages, Ampol said in a statement. The alleged breaches were also seen at an unspecified number of third-party sites operating under a sub-licence from Ampol, it said. Ampol began the process of transitioning from “Caltex” to its old “Ampol” branding in December, after it received a termination notice from Chevron.
Australia's Ampol sued by Chevron over alleged trademark licence breaches
Mon, 31 Aug 2020 23:10:19 +0000
Ampol Ltd on Tuesday said Chevron Corp had sued the Australian fuel supplier alleging breaches of a trademark licence agreement under which Ampol previously used the U.S. company's “Caltex” brand. Chevron is alleging these breaches occurred due to Ampol's usage of “non-compliant” signage at 177 of its about 800 controlled retail sites, and is seeking an order for removal of the signage and damages, Ampol said in a statement. Ampol began the process of transitioning from “Caltex” branding to its old “Ampol” brand in December, after it received a termination notice from Chevron.
Walt Disney, JPMorgan Chase share losses lead Dow's nearly 125-point fall
Mon, 31 Aug 2020 19:47:00 +0000
DOW UPDATE The Dow Jones Industrial Average is down Monday afternoon with shares of Walt Disney and JPMorgan Chase facing the biggest drops for the price-weighted average. Shares of Walt Disney (DIS) and JPMorgan Chase (JPM) are contributing to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 121 points (0.
RPT-Second U.S. shale boom's legacy: Overpriced deals, unwanted assets
Mon, 31 Aug 2020 13:21:08 +0000
Oil and gas companies plunged over $156 billion into corporate takeovers and land deals during the second U.S. shale boom, in a massive bet that good times would continue and crude prices would rise. Oil companies are cutting their budgets to preserve cash and survive – not to spend it on buying more companies. Another 150 North American oil and gas producers could face bankruptcy by the end of 2022, according to Rystad Energy, if crude prices remain near current levels.
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