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Watch for Shares of Chevron Corp (CVX) to Approach Support at $89.01

By Nick Russo

Chevron Corp (NYSE:CVX) has opened bearishly below the pivot of $92.04 today and has reached the first level of support at $90.06. Investors may be interested in a cross of the next downside pivot targets of $89.01 and $85.98.

Chevron Corp has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $140.81. Chevron Corp shares should first meet resistance at the 50-day moving average (MA) of $81.54 and find additional resistance at the 200-day MA of $107.78.

Over the past year, Chevron Corphas traded in a range of $0.00 to $127.00 and are now at $0.00. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

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: pivot alerts chevron corp

Ticker(s): CVX