CVX price boosted by Morgan StanleyRecently, on 11/19/2021 Morgan Stanley brokerage Boosted the Price Target for CVX Chevron Corporation to Overweight from $149.00 to $155.00.
Jim Cramer also talked about a buy opportunity in Chevron shares yesterday, since they have enough money to pay the dividends for the next year, 5.36 (4.57%), and the demand for oil is still there.
The Price per Earnings ratio is also low, 22.14.
Looking forward to read your opinion about it.
Cvxlong
Great Bullish Setup for CVXCVX bounced off of its support and is also displaying bullish signals via the MACD on both the daily and the weekly time frames. Due to the weekly displaying a bullish signal, we now know the major trend direction and can safely ride the wave upwards.
Bullish Signals
-MACD on Daily and Weekly
-B% shows oversold
Bounced off of Fibonacci