Devon Energy (DVN) Offering Possible 13.38% 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 $67.50 short call and a strike $72.50 long call offers a potential 13.38% 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 $67.50 by expiration. The full premium credit of $0.59 would be kept by the premium seller. The risk of $4.41 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 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 60.7 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

Wall Street remaining directionless for a 6th consecutive trading day
Mon, 17 Nov 2014 21:29:00 GMT

DEVON ENERGY CORP/DE Financials
Fri, 14 Nov 2014 18:04:29 GMT

10-Q for Devon Energy Corp.
Sat, 08 Nov 2014 00:08:37 GMT

Devon Energy to Present at Bank of America Merrill Lynch Global Energy Conference
Fri, 07 Nov 2014 16:00:00 GMT
Business Wire – Devon Energy Corporation today announced its management will present at the Bank of America Merrill Lynch Global Energy Conference in Miami on Friday, Nov. 14, 2014, at 10:15 a.m.

Jim Cramer on the Stock Market: Thinking the Unthinkable
Thu, 06 Nov 2014 16:49:00 GMT

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