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Chevron Corp Crosses Below its 10-day MA (CVX)

By Nick Russo

Today, shares of Chevron Corp (NYSE:CVX) have crossed bearishly below their 10-day moving average of $121.67 on a volume of 4.6 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Chevron Corp have traded between a low of $100.22 and a high of $131.08 and are now at $120.12, which is 20% above that low price. The 200-day and 50-day moving averages have moved 0.02% lower and 0.13% higher 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