Featured MNV Articles:
|CVX Dividend Yield Pushes Past 4%
Wednesday, January 23, 3:05 PM ET, by Market News Video Staff
In trading on Wednesday, shares of Chevron Corporation (CVX) were yielding above the 4% mark ...
The New #4 Most Shorted Dow Component: Chevron
Tuesday, January 29, 10:08 AM ET, by Market News Video Staff
The most recent short interest data has been released for the 01/15/2019 settlement date, and ...
Noteworthy ETF Outflows: ACWI, AMZN, BAC, CVX
Wednesday, January 30, 10:51 AM ET, by Market News Video Staff
Symbols mentioned in this story: ACWI, AMZN, BAC, CVX Exchange traded funds (ETFs) trade just ...
Notable Friday Option Activity: FFIV, CVX, APC
Friday, February 1, 1:33 PM ET, by Market News Video Staff
Looking at options trading activity among components of the S&P 500 index, there is noteworthy ...
Broker Darlings of the Dow: Chevron Ranks As a Top 15 Analyst Pick
Wednesday, February 6, 11:51 AM ET, by Market News Video Staff
A study of analyst recommendations at the major brokerages shows that Chevron Corporation (CVX) is ...
CVX Stock Crowded With Sellers
By Energy Stock Channel Staff, Thursday, December 20, 3:52 PM ET
In trading on Thursday, shares of Chevron Corporation (NYSE:CVX) entered into oversold territory, changing hands as low as $104.28 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In the case of Chevron Corporation, the RSI reading has hit 29.8 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 33.7, the RSI of WTI Crude Oil is at 29.7, the RSI of Henry Hub Natural Gas is presently 45.3, and the 3-2-1 Crack Spread RSI is 53.8.
A bullish investor could look at CVX's 29.8 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Looking at a chart of one year performance (below), CVX's low point in its 52 week range is $104.28 per share, with $133.88 as the 52 week high point — that compares with a last trade of $105.37. Chevron Corporation shares are currently trading off about 2.2% on the day.
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter
This Article's Word Cloud: