Wednesday, April 18, 2018 2:58:19 PM
Shares of Chevron Corporation (CVX) continue to surge higher as oil gallops towards $70/bbl. This gives smart investors a great short trade setup on Chevron. The $125.75 level is a major gap fill on the stock chart and oil is set to likely top out when it crosses $70/bbl. The combo of chart resistance on Chevron and a top in oil spell profit for shorts that are initiated on a swing trade basis at $125.75 or above.
Gareth Soloway
InTheMoneyStocks
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