ConocoPhillips (COP) Offering Possible 16.82% Return Over the Next 21 Calendar Days

ConocoPhillips's most recent trend suggests a bullish bias. One trading opportunity on ConocoPhillips is a Bull Put Spread using a strike $76.00 short put and a strike $71.00 long put offers a potential 16.82% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $76.00 by expiration. The full premium credit of $0.72 would be kept by the premium seller. The risk of $4.28 would be incurred if the stock dropped below the $71.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for ConocoPhillips is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for ConocoPhillips is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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LATEST NEWS for ConocoPhillips

Burlington Resources Finance Company — Moody's upgrades ConocoPhillips to A3
Wed, 26 Sep 2018 17:16:10 +0000
Moody's Investors Service (“Moody's”) upgraded ConocoPhillips' (COP) senior unsecured and other long-term ratings to A3 from Baa1. At the same time, Moody's affirmed the Prime-2 short-term commercial paper rating of ConocoPhillips Company, as well as the short-term ratings of guaranteed industrial revenue bonds. “The upgrade reflects ConocoPhillips' improving leverage after substantial additional debt reduction well ahead of its 2019 target, improved capital productivity and margins following significant portfolio transformation, and our expectation that the company will prudently manage its capital expenditures and shareholder distributions to maintain a strong balance sheet,” said Sajjad Alam, Moody's Senior Analyst.

Surging Oil Boosts E&P Space, Stocks Soar to 52-Week Highs
Wed, 26 Sep 2018 13:04:01 +0000
Most of the stocks belonging to the US E&P industry have been putting a stellar show buoyed by the trends in the booming energy space.

3 Big Stock Charts for Wednesday: Verizon, ConocoPhillips and Lockheed Martin
Wed, 26 Sep 2018 12:39:40 +0000
Today’s top prospects are Verizon Communications (NYSE:VZ), ConocoPhillips (NYSE:COP) and Lockheed Martin (NYSE:LMT). A month ago, it looked like Verizon shares were finally going to hurdle a major technical ceiling around $55. Thanks to Tuesday’s 0.9% slide, Verizon shares are under one key support level and knocking on the door of another one.

5 Companies Hit 52-Week Highs
Tue, 25 Sep 2018 15:43:16 +0000
Recently, multiple companies have all managed to achieve yearly highs

See what the IHS Markit Score report has to say about ConocoPhillips.
Tue, 25 Sep 2018 12:07:20 +0000
This could indicate that investors who seek to profit from falling equity prices are not currently targeting COP. Over the last month, growth of ETFs holding COP is favorable, with net inflows of $17.98 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing.

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