Cameron's most recent trend suggests a bearish bias. One trading opportunity on Cameron is a Bear Call Spread using a strike $60.00 short call and a strike $65.00 long call offers a potential 19.05% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $60.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock rose above the $65.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Cameron 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 Cameron is bearish.
The RSI indicator is below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for Cameron
Cameron, Schlumberger's OneSubsea Wins Pemex Contract
Tue, 14 Oct 2014 17:40:02 GMT
OneSubsea Awarded Contract For Pemex Lakach Deepwater Development, Mexico
Mon, 13 Oct 2014 12:00:00 GMT
PR Newswire – HOUSTON, Oct. 13, 2014 /PRNewswire/ — OneSubsea™, a Cameron (CAM) and Schlumberger (SLB) company, has been awarded a subsea production systems contract totaling more than $270 million for the Lakach deepwater project offshore Mexico. This is the first deepwater subsea field to be developed by Pemex. The scope of supply for the seven well system includes subsea production equipment and tooling. Cameron Chairman and CEO, Jack B. Moore said, “OneSubsea is very honored to be awarded this contract from Pemex.
Cameron International: A Leading Supplier of Oil and Natural Gas Drilling Systems
Tue, 30 Sep 2014 19:55:13 GMT
Cameron to Benefit from Robust Backlog; Margins a Concern
Mon, 29 Sep 2014 17:30:02 GMT
Range Resources Fined $4.15 Million by Pennsylvania DEP
Fri, 19 Sep 2014 19:00:06 GMT
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