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Chevron Corporation Collapses Off Highs: Buy It Here

|Includes:Chevron Corporation (CVX)

Chevron Corporation (NYSE:CVX) has dropped sharply over the last week. The stock just made a new all-time highs prior, and is seeing profit taking. Chevron Corp will hit support at $122.00. This is a culmination of support trend lines as well as the 200 daily moving average. A significant bounce should occur if this level is hit in the next week. Chevron can be taken as a swing trade.

Gareth Soloway

Stocks: CVX