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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 $106.08 on a volume of 1.2 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Chevron share prices have moved between a 52-week high of $119.00 and a 52-week low of $69.58 and are now trading 55% above that low price at $107.70 per share. 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 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