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Chevron Bullish Moving Average Crossover Alert (CVX)

By Amy Schwartz

Today, shares of Chevron (NYSE:CVX) have advanced above their 10-day MA of $101.53 on a volume of 1.4 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Chevron share prices have been bracketed by a low of $69.58 and a high of $109.93 and are now at $101.83, 46% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Chevron on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $86.84. Since that recommendation, shares of Chevron have risen 16.5%. We continue to monitor CVX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Chevron

Ticker(s): CVX