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Chevron Crosses Above its 10-day MA (CVX)

By David Diaz

Chevron (NYSE:CVX) crossed over its 10-day moving average of $101.42 on a volume of 3.8 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, shares of Chevron have traded between a low of $69.58 and a high of $109.93 and are now at $103.06, which is 48% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.2%.

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

Keywords: moving crosses Chevron

Ticker(s): CVX