ConocoPhillips (COP) Offering Possible 10.62% Return Over the Next 10 Calendar Days

ConocoPhillips's most recent trend suggests a bearish bias. One trading opportunity on ConocoPhillips is a Bear Call Spread using a strike $75.00 short call and a strike $80.00 long call offers a potential 10.62% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $75.00 by expiration. The full premium credit of $0.48 would be kept by the premium seller. The risk of $4.52 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 at 21.37 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 ConocoPhillips

ConocoPhillips Strikes Oil in FAN-1 Well Offshore Senegal
Wed, 08 Oct 2014 18:50:02 GMT

9:02 am ConocoPhillips confirms the start of oil production from the Gumusut-Kakap Floating Production Facility
Wed, 08 Oct 2014 13:02:00 GMT

Production Begins from the Gumusut-Kakap Floating Production Facility in Malaysia
Wed, 08 Oct 2014 13:00:00 GMT
Business Wire – HOUSTON–(BUSINESSWIRE)– ConocoPhillips (NYSE:COP) today confirmed the start of oil production from the Gumusut-Kakap Floating Production Facility, located approximately 75 miles offshore Sabah, Malaysia. …

Production Begins from the Gumusut-Kakap Floating Production Facility in Malaysia
Wed, 08 Oct 2014 13:00:00 GMT
Business Wire – ConocoPhillips today confirmed the start of oil production from the Gumusut-Kakap Floating Production Facility, located approximately 75 miles offshore Sabah, Malaysia.

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

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