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Watch for Chevron Corp to Potentially Rebound After Falling 2.84% Yesterday

By Amy Schwartz

Chevron Corp (NYSE:CVX) traded in a range yesterday that spanned from a low of $87.78 to a high of $90.00. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $91.00 on volume of 5.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Chevron Corphas traded in a range of $0.00 to $127.00 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.47% lower and 0.19% lower over the past week, respectively.

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.

Keywords: rebounders chevron corp

Ticker(s): CVX