[May 21, 2013] Watch for Shares of Chevron (CVX) to Approach Resistance at $125.93 Tweet May 21, 2013 (SmarTrend(R) News Watch via COMTEX) -- Chevron (NYSE:CVX) has opened bullishly above the pivot of $124.27 today and has reached the first level of resistance at $125.35. Analysts will be watching for a cross of the next upside pivot targets of $125.93 and $127.59. Chevron (NYSE:CVX) has potential upside of 5.9% based on a current price of $125.78 and analysts' consensus price target of $133.15. The stock should discover initial support at its 50-day moving average (MA) of $120.06 and subsequent support at its 200-day MA of $114.13. In the past 52 weeks, shares of Chevron have traded between a low of $95.73 and a high of $125.83 and are now at $125.78, which is 31% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%. SmarTrend recommended that subscribers consider buying shares of Chevron on April 29th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $120.82. Since that recommendation, shares of Chevron have risen 3.3%. We continue to monitor CVX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 TMCnet.com's Homepage ]