Wednesday, December 21, 2011

Investing Ideas - Chevron Corporation. Good stock to buy


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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