Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Top Is In: Chevron Corporation ($CVX) Bearish Topping Tail Reversal Signal

|Includes: Chevron Corporation (CVX)

The top is likely in on shares of Chevron Corporation (NYSE:CVX). The stock is putting in a bearish topping tail today that signals a coming reversal to the downside. Chevron Corp has been on a meteoric rise, jumping from under $100 to its high today of $118.99. This has been on the back of positive earnings and a sharp rise in crude oil. Today's reversal signals that is all over. The stock has downside near-term to $110.00 as a target. I am short.

Investors sell shares of Chevron Corp on bearish stock chart