Chevron (CVX) NewsBite - CVX Could Be On the Move
Posted: Monday, November 16, 2009 10:36 AM EDT
By: Market Intelligence Center Staff
Chevron (CVX) could be on the move today and is now at $78.79, up $1.49 (1.93%) on volume of 2,043,655 shares traded. Over the last 52 weeks the stock has ranged from a low of $56.12 to a high of $81.92. CVX was covered in a Vic Wisemann report today. To read the report, and see tips on how to trade like a hedge fund manager, go to www.marketintelligencecenter.com/vw111609 . Chevron stock has been showing support around $76.64 and resistance in the $79.16 range. Technical indicators for the stock are bullish and S&P gives CVX a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on CVX the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 70 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Chevron (CVX) Stock ReportSee what our analysts have uncovered about Chevron (CVX).
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