ConocoPhillips Offering Possible 7.53% Return Over the Next 10 Calendar Days

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 7.53% return on risk over the next 10 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 $0.35 would be kept by the premium seller. The risk of $4.65 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.

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

Future Demand for Oil and Gas Equipment and Services Drive Selected Stocks Higher: A Wall Street Transcript Interview with Brandon Dobell, a Partner and Group Head, Global Services, at William Blair & Company, L.L.C.
Wed, 08 Jan 2014 21:13:00 GMT
Wall Street Transcript – 67 WALL STREET, New York – January 8, 2014 – The Wall Street Transcript has just published its Oil & Gas: Drilling Equipment and Services Report offering a timely review of the sector to serious investors …

The Polar Vortex Is Putting a Freeze on This Industry
Wed, 08 Jan 2014 20:04:12 GMT
Motley Fool – Oil and gas production in the U.S. is being frozen thanks to the Polar Vortex. However, it is helping natural gas prices thaw out, which could help producers in the long run.

A Closer Look at What’s Next for ConocoPhillips
Wed, 08 Jan 2014 14:01:59 GMT
Motley Fool – A deeper look at how ConocoPhillips’ major capital projects will fuel growth in the future.

Gas prices expected to swing in 2014
Wed, 08 Jan 2014 13:50:20 GMT
Big Data Download – http://d.yimg.com/hd/cnbc2/lotus/1389189550809_555_21z9b6pFQpbf1_1_0.jpg?s=5c077fa90e9db4e0d9fde52358de135d&c=455668dfbed1ee6848df947ab7dd17f9&a=cnbc2&mr=0

Kashagan consortium looks at ways to restart oil output safely
Wed, 08 Jan 2014 12:07:23 GMT

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