Devon Energy (DVN) Offering Possible 12.36% Return Over the Next 33 Calendar Days

Devon Energy's most recent trend suggests a bearish bias. One trading opportunity on Devon Energy is a Bear Call Spread using a strike $65.00 short call and a strike $70.00 long call offers a potential 12.36% return on risk over the next 33 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 $0.55 would be kept by the premium seller. The risk of $4.45 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 Devon Energy 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 Devon Energy is bearish.

The RSI indicator is at 40.67 level which suggests that the stock is neither overbought nor oversold at this time.

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 Devon Energy

Is ConocoPhillips A Good Stock To Buy Over Devon Energy?
Thu, 13 Mar 2014 17:58:36 GMT

Devon Energy Corporation — Correction to Text, 03 March 2014 Release: Moody's confirms Devon's ratings with stable outlook
Thu, 13 Mar 2014 17:39:15 GMT

Devon Energy price target raised to $80 from $70 at Argus
Wed, 12 Mar 2014 13:08:00 GMT

How The Best Big Companies To Work For Drive Appreciation, Access And Rewards
Wed, 12 Mar 2014 11:00:00 GMT

DEVON ENERGY CORP/DE Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of Acquisition or Dis
Mon, 10 Mar 2014 21:31:38 GMT

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