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Chevron Corp Bullish Moving Average Crossover Alert (CVX)

By Amy Schwartz

Today, shares of Chevron Corp (NYSE:CVX) have crossed bullishly above their 10-day moving average of $116.45 on a volume of 698K 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 Corp have traded between a low of $108.02 and a high of $133.88 and are now at $116.90, which is 8% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

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