Murphy Oil (MUR) Offering Possible 6.38% Return Over the Next 31 Calendar Days

Murphy Oil's most recent trend suggests a bullish bias. One trading opportunity on Murphy Oil is a Bull Put Spread using a strike $25.00 short put and a strike $20.00 long put offers a potential 6.38% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $25.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $20.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Murphy Oil 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 up which suggests that the medium-term momentum for Murphy Oil is bullish.

The RSI indicator is at 79.61 level which suggests that the stock is neither overbought nor oversold at this time.

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 Murphy Oil

Top Ranked Momentum Stocks to Buy for October 15th
Fri, 15 Oct 2021 14:40:02 +0000
R, PVAC, MUR, and COP made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on October 15, 2021.

Murphy Oil (NYSE:MUR) Will Pay A Dividend Of US$0.13
Sat, 09 Oct 2021 14:23:21 +0000
Murphy Oil Corporation ( NYSE:MUR ) will pay a dividend of US$0.13 on the 1st of December. Including this payment, the…

Earnings Estimates Moving Higher for Murphy Oil (MUR): Time to Buy?
Fri, 08 Oct 2021 16:20:04 +0000
Murphy Oil (MUR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

What Makes Murphy Oil (MUR) a Strong Momentum Stock: Buy Now?
Fri, 08 Oct 2021 16:00:04 +0000
Does Murphy Oil (MUR) have what it takes to be a top stock pick for momentum investors? Let's find out.

Top Ranked Momentum Stocks to Buy for October 8th
Fri, 08 Oct 2021 14:55:02 +0000
MUR, CNXC, ESI, and AHH made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on October 8, 2021.

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