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Is CVX showing downside potential? Lower Bollinger Band Walk shows up after slipping 2.25%
CVX closed down 2.25% on Thursday, June 18th, with volume running 1.2× above average. Lower Bollinger Band Walk was spotted, which could indicate a shift in momentum. Key support levels exist at 171.99, 170.41 & 168.58, with resistance at 175.4, 177.23 & 178.81. Technical indicators like Slow Stochastic reveal oversold momentum right now.
Current SwingTradeBot Technical Rating of CVX: C
Just a sneak peek — check SwingTradeBot.com for the full story on CVX.
Read full article here »