Chevron Corp (CVX) Up 1.78%; Breaks Above 100 Day Average

Chevron Corp Daily Price Recap

Chevron Corp closed the previous day up 1.78% ($1.56); this denotes the 2nd day in a row it has gone up. The price move occurred on volume that was up 17.7% from the day prior, but down 44.31% from the same day the week before. Below is a daily price chart of Chevron Corp.

Chevron Corp Technical Analysis

Notably, Chevron Corp crossed above its 100 day moving average yesterday. For another vantage point, consider that Chevron Corp’s price has gone up 7 of the previous 14 trading days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to CVX:

    $CVX $BP $TOT $SU
    BP is selling its petrochemicals business to Ineos in a $5 billion deal, as part of the energy giant’s plan to transition to lower-carbon energy.

    Chesapeake Energy files for bankruptcy. The debt-laden U.S. oil company was once the second-largest producer of oil in the country. More than 200 shale companies say they might be at risk of bankruptcy if oil prices stay at current levels.
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