ConocoPhillips's most recent trend suggests a bearish bias. One trading opportunity on ConocoPhillips is a Bear Call Spread using a strike $70.00 short call and a strike $75.00 long call offers a potential 12.36% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $70.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock rose above the $75.00 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 40.77 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
1 Oil Stock I’m Adding to My IRA
Tue, 14 Jan 2014 18:13:56 GMT
Motley Fool – Denbury Resources is an excellent oil stock for your IRA.
5 Reasons To Own ConocoPhillips For The Long Haul
Tue, 14 Jan 2014 14:26:07 GMT
Seeking Alpha – Although I have considered selling ConocoPhillips ( COP ) a few times over the 25+ years I have owned it, not doing so has taught me a valuable lesson: buying and holding a good quality dividend paying …
Italy's Eni pulls out of Polish shale gas exploration-report
Tue, 14 Jan 2014 07:45:50 GMT
Reuters – Italy's Eni will follow other foreign energy companies and pull out of Polish shale gas exploration due to unclear regulation and difficult geology, local daily Puls Biznesu reported on Tuesday. The newspaper …
Chart of The Day: Beam
Mon, 13 Jan 2014 23:07:00 GMT
TheStreet – Breaking up ain't hard to do. The celebration of Beam's chart is more than a one day spike – it is years of value creation
ModernGraham Valuation Of Conoco Phillips
Mon, 13 Jan 2014 18:13:16 GMT
Seeking Alpha – Here is a look at how Conoco Phillips ( COP ) fares in ModernGraham's opinion, based on an updated and modernized version of Benjamin Graham's requirements of defensive and enterprising investors from …
Related Posts
Also on Market Tamer…
Follow Us on Facebook