Chevron Stock Could Soon Bounce Back

The shares of oil and gas stock Chevron Corp (NYSE:CVX) are pulling back from their recent five-month peak, now on track for a fourth-straight daily loss. In fact, most of the energy sector is sliding today, as concerns regarding tensions in the Middle East ease and crude prices slip. For those curious about buying the dip, however, this recent pullback has CVX within one standard deviation of its 50-day moving average, a trendline with historically bullish implications. Per Schaeffer's Senior Quantitative ...