ConocoPhillips's most recent trend suggests a bearish bias. One trading opportunity on ConocoPhillips is a Bear Call Spread using a strike $77.50 short call and a strike $82.50 long call offers a potential 15.74% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $77.50 by expiration. The full premium credit of $0.68 would be kept by the premium seller. The risk of $4.32 would be incurred if the stock rose above the $82.50 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 at 37.81 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 Reports Earnings For the Second Quarter 2014
Mon, 29 Sep 2014 00:30:38 GMT
The Zacks Analyst Blog Highlights: Exxon Mobil, Chevron, ConocoPhillips, Valero Energy and HollyFrontier
Fri, 26 Sep 2014 13:14:43 GMT
FAA approves Hollywood’s movie-shooting drones
Thu, 25 Sep 2014 20:45:17 GMT
Drones for Moviemaking Face a Likely Approval by the FAA
Thu, 25 Sep 2014 11:59:00 GMT
Strong buck buys
Wed, 24 Sep 2014 21:11:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook