Chevron (CVX) Downgrade Alert, Watch for 0.7% Technical Uptrend Reversal
Wednesday, March 10, 2010 - 10:20
Written on Wed, 03/10/2010 - 10:20am
By Chip Brian

Chevron (NYSE:CVX) downgraded to Neutral, $90 target, at BofA/Merrill. The stock closed yesterday at $74.30 on volume of 8,750,641 shares, below average daily volume of 9,846,029.
Chevron is currently above its 200-day moving average of $72.29 and should find resistance at its 50-day moving average of $75.09.
SmarTrend is bullish on shares of CVX and our subscribers received an Uptrend alert on February 19, 2010 at $73.80, which has returned 0.7% to date.

Keywords: Stock Alerts price trends technical analysis charting uptrend downtrend stock charts

Ticker(s): CVX

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