ConocoPhillips's most recent trend suggests a bearish bias. One trading opportunity on ConocoPhillips is a Bear Call Spread using a strike $67.50 short call and a strike $72.50 long call offers a potential 13.9% 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 $67.50 by expiration. The full premium credit of $0.61 would be kept by the premium seller. The risk of $4.39 would be incurred if the stock rose above the $72.50 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.
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LATEST NEWS for ConocoPhillips
Chairman and CEO Ryan Lance Calls for U.S. Exports of Surplus Crude Oil
Wed, 14 Jan 2015 20:52:56 GMT
noodls – Elimination of Export Ban Would Help Preserve U.S. Job Creation and Economic Stimulation January 14, 2015 Download .PDF WASHINGTON, D.C. – ConocoPhillips (NYSE: COP) Chairman and CEO Ryan Lance today told …
Chairman and CEO Ryan Lance Calls for U.S. Exports of Surplus Crude Oil
Wed, 14 Jan 2015 19:29:17 GMT
noodls – Elimination of Export Ban Would Help Preserve U.S. Job Creation and Economic Stimulation January 14, 2015 Download .PDF WASHINGTON, D.C. – ConocoPhillips (NYSE: COP) Chairman and CEO Ryan Lance today told …
Chairman and CEO Ryan Lance Calls for U.S. Exports of Surplus Crude Oil
Wed, 14 Jan 2015 19:15:00 GMT
Business Wire – ConocoPhillips Chairman and CEO Ryan Lance today told policymakers attending a briefing at the Center for Strategic and International Studies that the nation’s approaching surplus production of crude oil offers an opportunity for expanded global trade through exports.
ConocoPhillips’ net income improves despite high production costs
Wed, 14 Jan 2015 14:04:08 GMT
Why did ConocoPhillips’ production cost increase?
Tue, 13 Jan 2015 22:04:49 GMT
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