ConocoPhillips's most recent trend suggests a bearish bias. One trading opportunity on ConocoPhillips is a Bear Call Spread using a strike $80.00 short call and a strike $85.00 long call offers a potential 10.38% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $80.00 by expiration. The full premium credit of $0.47 would be kept by the premium seller. The risk of $4.53 would be incurred if the stock rose above the $85.00 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 at 48.31 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for ConocoPhillips
Dicker and Link: Shell and Total Are the Best of the Oil Super Majors
Thu, 04 Sep 2014 17:05:00 GMT
Dicker/Link: Review of the Oil Supermajors – Shell and Total Look Best
Thu, 04 Sep 2014 17:00:00 GMT
ConocoPhillips Gives Up Claims from Green Dragon for $40M
Tue, 02 Sep 2014 18:40:02 GMT
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Fri, 29 Aug 2014 21:00:20 GMT
Fed Chair Yellen's assets up 8% during 2013
Thu, 28 Aug 2014 21:03:19 GMT
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