If you’re in the luckiest 1% of humanity, you
owe it to the rest of humanity to think about the other 99%.
W.Buffett
CVX stock’s price has a strong support at
$98.05 level. The price is above its SMA100 – very good indication.
We see up-trend in the weekly chart. It’s
another one support line. MACD and RSI are in convergence with the price. In
our opinion the price will go up.
Chevron Corporation pays a dividend of $0.81 on
a quarterly basis. Div/Yield at this moment is about 3%.
Conclusion
Chevron Corporation (NYSE: CVX) is very good stock
for your investment portfolio in 2012.
Dynamic chart:
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