ConocoPhillips Offering Possible 8.46% Return Over the Next 8 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 8.46% return on risk over the next 8 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 $0.39 would be kept by the premium seller. The risk of $4.61 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 below 20 which suggests that the stock is in oversold territory.

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LATEST NEWS for ConocoPhillips

Is Alaskan Oil Production About to Make a Comeback?
Sat, 14 Dec 2013 17:02:26 GMT
Motley Fool – ConocoPhillips is just the latest company to increase its presence in the state.

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Fri, 13 Dec 2013 20:19:00 GMT
Wall Street Transcript – 67 WALL STREET, New York – December 13, 2013 – The Wall Street Transcript has just published its Top 15 CEO Interviews of 2013 Report. This special feature contains expert industry commentary through in-depth …

Conoco Reiterated at Neutral
Fri, 13 Dec 2013 19:50:02 GMT
Zacks – We reaffirmed our Neutral recommendation on ConocoPhillips on Dec 12, 2013.

Long-Term Investors Should Use Historic P/E Ratios To Find Hidden Value
Fri, 13 Dec 2013 18:19:18 GMT
Seeking Alpha – Introduction In a recent article that I wrote for Seeking Alpha on the importance of using fair valuation as a decision criteria, (here) well known Seeking Alpha commenter Chowder called me out on one …

Where ConocoPhillips Plans to Spend its Money
Fri, 13 Dec 2013 13:50:29 GMT
Motley Fool – A closer look at how ConocoPhillips plans to allocate its 2014 capital budget.

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