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

By James Quinn

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, Chevron Corp share prices have been bracketed by a current low of $0.00 and a high of $127.00 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.47% lower and 1.4% lower over the past week, respectively.

Keywords: rebounders chevron corp

Ticker(s): CVX