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Chevron Corp Bearish Moving Average Crossover Alert (CVX)

By Nick Russo

Today, shares of Chevron Corp (NYSE:CVX) have crossed bearishly below their 10-day moving average of $121.17 on a volume of 222K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Chevron Corp has traded in a range of $100.22 to $130.39 and is now at $120.80, 21% above that low. The 200-day and 50-day moving averages have moved 0.05% lower and 0.07% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Chevron Corp and will alert subscribers who have CVX in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses chevron corp

Ticker(s): CVX