ConocoPhillips Offering Possible 6.84% Return Over the Next 26 Calendar Days

ConocoPhillips's most recent trend suggests a bullish bias. One trading opportunity on ConocoPhillips is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 6.84% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.32 would be kept by the premium seller. The risk of $4.68 would be incurred if the stock dropped below the $65.00 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 at 72.5 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for ConocoPhillips

Devon Energy: As Activist Investor Talk Heats Up, Here's Why I'm Staying Bullish On Shares
Mon, 21 Oct 2013 19:27:39 GMT
Seeking Alpha – A number of energy companies were recently mentioned as potential targets for activists who see a chance to speed up efforts to boost shares, buy undervalued reserves, and win shareholder support for management …

Al Gore Should Support Natural Gas Transportation
Mon, 21 Oct 2013 17:13:40 GMT
Seeking Alpha – Al Gore recently gave an interview in which he said the “carbon bubble” is going to burst and warned investors to stay away from the stocks of oil companies:

Why You Shouldn't Sell ConocoPhillips
Mon, 21 Oct 2013 13:36:14 GMT
Motley Fool – This Name Is Worth Holding

Al Gore: We Should Put a Price on Carbon
Mon, 21 Oct 2013 13:19:55 GMT
The Daily Ticker – http://d.yimg.com/hd/yahoofinance/lotus/1382361042137_560_21yFAgoOSYbf1_1_0.jpg?s=849aa03e296a24a451610d52289f7c2a&c=42c7fc374f8c42b297e8d3113ba52aca&a=yahoofinance&mr=0

J.P. Morgan Sees Solid Earnings from Big Integrated Oil Stocks
Mon, 21 Oct 2013 13:00:34 GMT
24/7 Wall St. – The big North American integrated oil and major oil-producing stocks will begin to release their quarterly results on October 24. The research team at J.P. Morgan Chase & Co. (NYSE: JPM) are forecasting …

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