ConocoPhillips (COP) Offering Possible 81.82% Return Over the Next 29 Calendar Days

ConocoPhillips's most recent trend suggests a bearish bias. One trading opportunity on ConocoPhillips is a Bear Call Spread using a strike $65.00 short call and a strike $70.00 long call offers a potential 81.82% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $65.00 by expiration. The full premium credit of $2.25 would be kept by the premium seller. The risk of $2.75 would be incurred if the stock rose above the $70.00 long call 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 down which suggests that the medium-term momentum for ConocoPhillips is bearish.

The RSI indicator is at 31.21 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

We'll have a slowdown of growth and earnings in 2019: Pro
Tue, 20 Nov 2018 19:02:00 +0000
Looking at what's behind the current market sell-off, with Sandip Bhagat, Whittier Trust, and Hugh Johnson, Hugh Johnson Advisors.

Positioning your portfolio for a potential slowdown
Mon, 19 Nov 2018 19:00:00 +0000
Barry James, James Investments, and Michael Cuggino, Permanent Portfolio, discuss the days's big Dow drop and how investors should position themselves for a potential slowdown.

Stocks – Apple Falls in Pre-market; Nissan, Renault, PG&E, JD.com Sink
Mon, 19 Nov 2018 15:26:00 +0000
Investing.com – Stocks in focus in pre-market trade Monday:

UK's richest man looks to increase stake in North Sea oil
Mon, 19 Nov 2018 14:24:00 +0000
Jim Ratcliffe, CEO of Ineos and the U.K.'s wealthiest man, could soon expand his stake in North Sea oil.

UK's richest man looks to increase stake in North Sea oil
Mon, 19 Nov 2018 14:24:00 +0000
Jim Ratcliffe, CEO of Ineos and the U.K.’s wealthiest man, could soon expand his stake in North Sea oil. Ineos is in exclusive talks with ConocoPhillips about purchasing assets from the U.S. energy firm. Reports claim those assets could include a 6.5 percent stake in a much sought after oil field.

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