Chevron Corp.(CVX) has rising momentum with an uptrend

(28-Apr-2008) (28-Apr-2008) Chevron Corp.(CVX) closed at 92.5, down -0.19 or -0.2 % today. Based on our analysis, Chevron Corp.(CVX) has rising momentum with an uptrend.

The closing price of Chevron Corp.(CVX) is above its 50 day moving average of 87.73 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Chevron Corp.(CVX) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 1-Apr-2008, about 21 trading days ago.