ConocoPhillips Offering Possible 8.7% Return Over the Next 24 Calendar Days

ConocoPhillips's most recent trend suggests a bearish bias. One trading opportunity on ConocoPhillips is a Bear Call Spread using a strike $67.50 short call and a strike $72.50 long call offers a potential 8.7% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $67.50 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock rose above the $72.50 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 at 24.03 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for ConocoPhillips

ConocoPhillips to Present at the Credit Suisse 19th Annual Energy Summit
Wed, 29 Jan 2014 22:00:00 GMT
Business Wire – ConocoPhillips today announced that Jeff Sheets, executive vice president, Finance, and Chief Financial Officer, will speak to investors and securities analysts at the Credit Suisse 19th Annual Energy Summit in Vail, Colo.

ConocoPhillips unit seeks LNG export permit from Alaska
Wed, 29 Jan 2014 20:35:09 GMT
Reuters – A subsidiary of ConocoPhillips has requested an authorization to export liquefied natural gas (LNG) from Alaska to countries that do not have free trade agreements with the United States, according to a filing from the U.S. Department of Energy. ConocoPhillips Alaska Natural Gas Corp (CPANCC) said it wants the government to give approval for the equivalent of up to 40 billion cubic feet of natural gas in total over a two-year period. The LNG would be exported from facilities located in the Cook Inlet near Kenai, Alaska, the DOE said in a filing posted on Wednesday in the Federal Register.

ConocoPhillips unit asks for LNG export permit from Alaska
Wed, 29 Jan 2014 20:03:10 GMT
Reuters – A subsidiary of ConocoPhillips has requested authorization to export for a two-year period liquefied natural gas (LNG) from Alaska to countries that do not have free trade agreements with the United States, according to a filing from the U.S. Department of Energy. ConocoPhillips Alaska Natural Gas Corp said it wants the government to give approval for the equivalent of up to 40 billion cubic feet of natural gas in total. The LNG would be exported from facilities located in the cook Inlet near Kenai, Alaska, the DOE said in a filing posted on Wednesday in the Federal Register.

2 Questions Investors Want Answered When ConocoPhillips Reports Earnings
Wed, 29 Jan 2014 18:11:56 GMT
Motley Fool – ConocoPhillips’ investors should look for answers to these two questions when it reports earnings Thursday.

Analyzing And Optimizing Warren Buffett's Portfolio
Wed, 29 Jan 2014 16:54:55 GMT
Seeking Alpha – The next in the series of star-performing investments is Warren Buffett's portfolio. In contrast with the previous portfolio of ETFs (mostly) aimed at replicating returns of Yale University's Endowment …

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