Devon Energy (DVN) Offering Possible 15.74% 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 $72.50 short call and a strike $77.50 long call offers a potential 15.74% 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 $72.50 by expiration. The full premium credit of $0.68 would be kept by the premium seller. The risk of $4.32 would be incurred if the stock rose above the $77.50 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 23.66 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

At least 150 companies prep for carbon prices
Mon, 15 Sep 2014 22:10:32 GMT

Business Highlights
Mon, 15 Sep 2014 21:47:08 GMT
AP – ___ US job growth drops to 142K, slowest in 8 months A surprising drop in hiring and in the number of people seeking work in August sent a reminder that the U.S. economic recovery is still prone to temporary …

Why natural gas inventory caused prices to slide
Fri, 12 Sep 2014 13:00:44 GMT

Devon Energy Announces Upcoming Investor Event
Thu, 11 Sep 2014 13:15:00 GMT
Business Wire – Devon Energy Corporation today announced its management will present at the UBS Energy Bus-less Tour in Houston on Thursday, September 18, 2014, at 10:00 a.m. Central Time (11:00 a.m.

Devon Energy Announces Fourth Quarter Cash Dividend for Common Stockholders
Wed, 10 Sep 2014 14:30:00 GMT
Business Wire – Devon Energy Corporation today announced that its board of directors declared a quarterly cash dividend on Devon’s common stock for the fourth quarter of 2014. The divid

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