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Chevron Bullish Moving Average Crossover Alert (CVX)

By James Quinn

Today, shares of Chevron (NYSE:CVX) have advanced above their 10-day MA of $106.26 on a volume of 884K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Chevron have traded between a low of $69.58 and a high of $119.00 and are now at $106.82, which is 54% above that low price. The 200-day and 50-day moving averages have moved 0.18% higher and 1.30% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Chevron on January 27th, 2017 by issuing a Downtrend alert when the shares were trading at $113.77. Since that call, shares of Chevron have fallen 6.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Chevron

Ticker(s): CVX