ConocoPhillips Offering Possible 9.41% Return Over the Next 37 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 9.41% return on risk over the next 37 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 $0.43 would be kept by the premium seller. The risk of $4.57 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 32.07 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for ConocoPhillips

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Thu, 16 Jan 2014 20:50:56 GMT
Reuters – UK Focus – Alaska has signed an agreement with major oil and gas firms to build an 800-mile pipeline to bring natural gas from the state's North Slope to a proposed export plant and on to Asia. The project, expected …

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Alaska, energy firms ink deal in step to free stranded gas
Thu, 16 Jan 2014 14:22:34 GMT
Reuters – UK Focus – Alaska has signed an agreement with major oil and gas firms to bring stranded gas reserves to market by building a pipeline to connect with a proposed liquefied natural gas terminal. The deal was signed …

Alaska, energy firms ink deal in step to free stranded gas
Thu, 16 Jan 2014 14:22:34 GMT
Reuters – Alaska has signed an agreement with major oil and gas firms to bring stranded gas reserves to market by building a pipeline to connect with a proposed liquefied natural gas terminal. The deal was signed …

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