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After Yesterday's Decline of 2.56%, Chevron Corp Offers Investors Better Value

By David Diaz

Chevron Corp (NYSE:CVX) traded in a range yesterday that spanned from a low of $113.87 to a high of $115.43. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $117.06 on volume of 2.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Chevron Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Chevron Corp in search of a potential trend change.

In the past 52 weeks, shares of Chevron Corp have traded between a low of $107.54 and a high of $133.88 and are now at $114.24, which is 6% 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 remained constant.

Keywords: rebounders chevron corp

Ticker(s): CVX