Chevron director buys 2,000 shares

By Bobby Raines,

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Bobby Raines 02/20/2014

Robert Denham, who sits on the board of directors at Chevron ( CVX ) bought 2,000 shares of the company's common stock on Feb. 14. At $113.41 per share, Denham paid a total of $226,817 for the new shares.

IK-> The technicals for CVX ($115.17 up $1.57) are bearish with an upward trend. Recent support has been around $108.56 and  recent resistance has been around $115.42. Standard & Poor's has a four STARTS (out of five) ranking on the stock. Look at the April 100/105 bull-put spread for a 20-cent credit. That's a 4.17% return and the stock has to fall 9.1% to cause a problem.  [InvestorsKeyhole, Various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Options
Referenced Stocks: CVX

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