ConocoPhillips's most recent trend suggests a bearish bias. One trading opportunity on ConocoPhillips is a Bear Call Spread using a strike $81.00 short call and a strike $86.00 long call offers a potential 9.41% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $81.00 by expiration. The full premium credit of $0.43 would be kept by the premium seller. The risk of $4.57 would be incurred if the stock rose above the $86.00 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 31.44 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for ConocoPhillips
CompuGroup Medical US Announces Leadership Transition and Names Werner Rodorff as New Chief Executive Officer and Senior Vice President North America
Thu, 07 Aug 2014 14:13:51 GMT
noodls – Koblenz / Boston, USA. August 7, 2014: CompuGroup Medical US (CGM) has announced the appointment of Werner Rodorff as Chief Executive Officer and Senior Vice President North America, effective immediately. …
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Wed, 06 Aug 2014 10:00:58 GMT
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ConocoPhillips to Study Oil, Gas Potential in Chile
Tue, 05 Aug 2014 18:47:08 GMT
CONOCOPHILLIPS Files SEC form 10-Q, Quarterly Report
Tue, 05 Aug 2014 14:32:02 GMT
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