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Watch for Chevron Corp to Potentially Pullback After Gaining 4.55% Yesterday

By David Diaz

Chevron Corp (NYSE:CVX) traded in a range yesterday that spanned from a low of $92.29 to a high of $94.63. Yesterday, the shares gained 4.5%, which took the trading range above the 3-day high of $90.96 on volume of 6.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, shares of Chevron Corp have traded between the current low of $0.00 and a high of $127.00 and are now at $0.00. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.4%.

Keywords: rebounders chevron corp

Ticker(s): CVX