Chevron's most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $126.00 short put and a strike $121.00 long put offers a potential 7.07% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $126.00 by expiration. The full premium credit of $0.33 would be kept by the premium seller. The risk of $4.67 would be incurred if the stock dropped below the $121.00 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 at 74.71 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
Why Intel and Chevron Bucked the Dow's Downtrend Last Week
Sun, 15 Jun 2014 15:06:57 GMT
Chevron: Texas Tea Champion Or Oily Black Swan?
Sun, 15 Jun 2014 09:03:48 GMT
Chevron Sells Assets to Chad for $1.3 Billion
Fri, 13 Jun 2014 20:47:20 GMT
Gephardt Says Obama Must ‘Be Careful' With Iraq Decision
Fri, 13 Jun 2014 19:17:00 GMT
Chevron sells oil assets in Chad for $1.3B
Fri, 13 Jun 2014 18:37:26 GMT
Also on Market Tamer…
Follow Us on Facebook