ConocoPhillips (COP) Offering Possible 10.22% Return Over the Next 11 Calendar Days

ConocoPhillips's most recent trend suggests a bearish bias. One trading opportunity on ConocoPhillips is a Bear Call Spread using a strike $74.50 short call and a strike $80.00 long call offers a potential 10.22% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $74.50 by expiration. The full premium credit of $0.51 would be kept by the premium seller. The risk of $4.99 would be incurred if the stock rose above the $80.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for ConocoPhillips is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for ConocoPhillips is bearish.

The RSI indicator is below 20 which suggests that the stock is in oversold territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for ConocoPhillips

Shell starts oil production from Malaysian deep-water platform
Wed, 08 Oct 2014 06:18:41 GMT

How Will ConocoPhillips (COP) Stock Be Affected by New Oil Discovery in Senegal?
Tue, 07 Oct 2014 20:30:00 GMT

8:31 am ConocoPhillips announces oil discovered offshore senegal
Tue, 07 Oct 2014 12:31:00 GMT

ConocoPhillips Announces Oil Discovered Offshore Senegal
Tue, 07 Oct 2014 12:30:00 GMT
Business Wire – ConocoPhillips today confirmed that oil was discovered in the FAN-1 exploration well, located approximately 60 miles offshore Senegal. Further evaluation is required in

ConocoPhillips upgraded by UBS
Mon, 06 Oct 2014 17:47:33 GMT

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