ConocoPhillips's most recent trend suggests a bearish bias. One trading opportunity on ConocoPhillips is a Bear Call Spread using a strike $72.50 short call and a strike $77.50 long call offers a potential 5.04% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $72.50 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock rose above the $77.50 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 below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for ConocoPhillips
Should ExxonMobil Break Itself Up?
Sun, 08 Dec 2013 15:32:26 GMT
Motley Fool – ExxonMobil has lagged the market this year due primarily to difficulties in one business. Close peer ConocoPhillips has spun off multiple segments in the past two years — should Exxon follow suit?
Warren Buffett Places One Heck of Bet on Energy
Sat, 07 Dec 2013 18:04:25 GMT
Motley Fool – Between ExxonMobil, ConocoPhillips, Suncor, and Burlington Northern, Warren Buffett is making an enormous bet on Canadian oil sands.
3 Reasons Why Warren Buffett Sold ConocoPhillips
Sat, 07 Dec 2013 15:15:56 GMT
Motley Fool – Why did the Oracle of Omaha sell ConocoPhillips?
ConocoPhillips 2014 Capex Budget Set at $16.7 Billion
Fri, 06 Dec 2013 23:05:48 GMT
Motley Fool – About 55% of ConocoPhillips' investment during the year will be funneled into North American projects.
12:22 pm ConocoPhillips announced a 2014 capital expenditures budget of $16.7 bln for continuing operations; reaffirms production target
Fri, 06 Dec 2013 21:56:47 GMT
Briefing.com – 12:22 pm ConocoPhillips announced a 2014 capital expenditures budget of $16.7 bln for continuing operations; reaffirms production target
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