Chevron (CVX) shares rose after the U.S. strike on Venezuela. The stock broke resistance at $154, hinting at more gains. Despite being 5% off its high, CVX is in a strong position to benefit from Venezuela’s reconstruction. Analysts predict a 10% upside potential and options traders are bullish.

With a major presence in Venezuela, Chevron is poised to capitalize on the country’s oil wealth under a new regime. Analysts maintain a “Buy” rating, citing a potential price target of $179. Investors are attracted to the stock’s 4% dividend yield and overall positive outlook. Wall Street consensus is also bullish on CVX, with potential for a 26% upside.

Read more at Yahoo Finance: Chevron Stock Just Broke Through Resistance Levels in an Epic Move Higher. Should You Buy CVX Now?