One of the best performing oil stocks in December has been Chevron Corporation (NYSE:CVX). Since November 30th, 2010, CVX has soared from $80.47 to a new 52 week high today of $89.92. The gain in market cap for CVX has been astounding as this stock has propped up the Dow Jones Industrial Average. The price level of $89.75 happens to be a key pivot high from 2008. This represents a solid resistance point.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
