ConocoPhillips's most recent trend suggests a bearish bias. One trading opportunity on ConocoPhillips is a Bear Call Spread using a strike $62.00 short call and a strike $67.00 long call offers a potential 15.21% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $62.00 by expiration. The full premium credit of $0.66 would be kept by the premium seller. The risk of $4.34 would be incurred if the stock rose above the $67.00 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 28.14 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for ConocoPhillips
Venezuela is paying its bondholders*
Thu, 09 May 2019 04:00:39 +0000
Against the backdrop of a political and humanitarian crises in Venezuela, many creditors have lost hope of getting paid back. In fact, those holding roughly $10bn worth of debt issued by both the government, and state-owned oil company PDVSA, haven't seen a payment for years now. Venezuela is paying out those it simply can't afford not to.
Ken Fisher Buys Adobe, ConocoPhillips
Tue, 07 May 2019 17:48:04 +0000
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Tue, 07 May 2019 15:05:03 +0000
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Oil & Gas Stock Roundup: Shell, BP & ConocoPhillips Post Q1 Earnings Beat
Tue, 07 May 2019 14:20:02 +0000
European oil majors Royal Dutch Shell (RDS.A) and BP plc (BP), as well as energy explorer ConocoPhillips (COP) reported better-than-expected first-quarter earnings.
Occidental's (OXY) Q1 Earnings & Revenues Beat Estimates
Tue, 07 May 2019 12:39:12 +0000
Occidental Petroleum's (OXY) Q1 earnings and revenues surpass estimates, and production continues to rise, courtesy of solid contribution from Permian Resource assets.
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