ConocoPhillips Offering Possible 8.23% Return Over the Next 18 Calendar Days

ConocoPhillips's most recent trend suggests a bearish bias. One trading opportunity on ConocoPhillips is a Bear Call Spread using a strike $65.00 short call and a strike $70.00 long call offers a potential 8.23% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $65.00 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 $70.00 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 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

As Costs for Complex Projects Mount, Offshore Oil Services Fundamentals Are Crumbling: A Wall Street Transcript Interview with Truls Olsen, Head of Research at Fearnley Securities Covering the Offshore and Oil Services Segment
Tue, 04 Feb 2014 17:45:00 GMT
Wall Street Transcript – 67 WALL STREET, New York – February 4, 2014 – The Wall Street Transcript has just published its Oil & Gas: Exploration & Production Report offering a timely review of the sector to serious investors and …

ConocoPhillips's Oil Sands Mistake
Tue, 04 Feb 2014 14:41:28 GMT
Seeking Alpha – ConocoPhillips ( COP ), the largest independent E&P company, currently yields an attractive 4.2%. The dividend is poised to grow as management has stated it is a top priority. Projects in the works over …

Global Oil and Gas E&P Spending Expected to Grow in 2014: Which Stocks Will Benefit? A Wall Street Transcript Interview with James West, Managing Director and Oil Services and Drilling Analyst from Barclays Capital
Mon, 03 Feb 2014 18:25:00 GMT
Wall Street Transcript – 67 WALL STREET, New York – February 3, 2014 – The Wall Street Transcript has just published its Oil & Gas: Exploration & Production Report offering a timely review of the sector to serious investors and …

Oando shares rebound 10 pct on ConocoPhillips deal
Mon, 03 Feb 2014 10:01:24 GMT
Reuters – Shares of Nigerian energy firm Oando surged 10 percent on Monday after it said it had ended a long wait to secure funds to acquire the upstream oil and gas business of ConocoPhillips in Nigeria. Oando …

ConocoPhillips: Falling Knife Or Should You Buy At $65?
Mon, 03 Feb 2014 05:44:11 GMT
Seeking Alpha – What separates ConocoPhillips ( COP ) from many other oil majors is that its share price has already started to decline in October 2013 while shares of other exploration firms like Chevron ( CVX ) or Exxon …

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