|
Upgrade Alert for Chevron (CVX)
Dec 06, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) --
Chevron (NYSE:CVX) was upgraded from Hold to Buy at Dahlman Rose today. The stock closed yesterday at $105.17 on volume of 6.4 million shares, above average daily volume of 6.0 million. Chevron Corporation is an integrated energy company with operations in countries located around the world. The Company produces and transports crude oil and natural gas. Chevron also refines, markets, and distributes fuels as well as is involved in chemical operations, mining operations, power generation and energy services.
Chevron has overhead space with shares priced $105.17, or 16.4% below the average consensus analyst price target of $125.83. The stock should find initial resistance at its 200-day moving average (MA) of $107.74 and further resistance at its 50-day MA of $114.02.
Chevron share prices have moved between a 52-week high of $118.53 and a 52-week low of $95.73 and closed yesterday at 10% above that low price at $105.17 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.
SmarTrend recommended that its subscribers protect gains by selling shares of Chevron on October 10th, 2012 by issuing a Downtrend alert when the shares were trading at $113.53. Since that call, shares of Chevron have fallen 7.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Write to Chip Brian at cbrian@mysmartrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup
[ Back To SIP Trunking Home's Homepage ]
|
NEW Bring Your Own Device
(BYOD): HTML5 and Google's WebRTC are
transforming our industry: The disaggregation of the telecom industry has long
been talked about, while available solutions remain
vertically integrated in spite of a growing industry of
standards-based individual components...
NEW SSOA - SIP Service Oriented Architecture™:
Cloud and large enterprise communications
and collaboration infrastructure: This eBook introduces eZuce's SIP Service Oriented
Architecture (SSOA). SSOA is a 'carrier-class'
system that offers the demanding global enterprise
a modern built-for-the-cloud and highly
scalable...
NEW Benefits of Broadvox VAR Partner Program: We built our Partner Program to work for you. We understand that different
types of partners have different needs, and we don't play favorites. When
you partner with Broadvox, every member of our team stands behind you
and your customers 100%... 
What's New?
