Chevron director buys 2,000 shares

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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 The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com


This article appears in: Investing , Options

Referenced Stocks: CVX

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