ConocoPhillips Offering Possible 8.23% 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 $70.00 short call and a strike $75.00 long call offers a potential 8.23% 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 $70.00 by expiration. The full premium credit of $0.38 would be kept by the premium seller. The risk of $4.62 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 28.43 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for ConocoPhillips

Other major notable Bakken oil producers include COP, SM, and XOM
Wed, 11 Dec 2013 17:00:08 GMT
Market Realist – Other companies also have significant operations in the Bakken Shale/Williston Basin, but they may be less exposed to the area in relation to the overall size of the company.

COP Crosses Critical Technical Indicator
Wed, 11 Dec 2013 16:34:00 GMT
Forbes – In trading on Wednesday, shares of ConocoPhillips (NYSE: COP) entered into oversold territory, changing hands as low as $69.80 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A […]

What to Expect from ConocoPhillips in 2014
Tue, 10 Dec 2013 16:02:21 GMT
Motley Fool – ConocoPhillips has released its 2014 capital expenditure plan. Here’s a closer look at what investors can expect in the year ahead.

ConocoPhillips budgets $1.7B for Alaska work
Tue, 10 Dec 2013 14:43:26 GMT

ConocoPhillips budgets $1.7B for Alaska work
Tue, 10 Dec 2013 14:43:26 GMT
AP – ConocoPhillips is budgeting $1.7 billion for 2014 capital costs in Alaska, twice what it says it spent in 2012 and $600 million more than was budgeted for 2013. The company in a release says the larger …

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