Devon Energy (DVN) Offering Possible 17.97% Return Over the Next 30 Calendar Days

Devon Energy's most recent trend suggests a bullish bias. One trading opportunity on Devon Energy is a Bull Put Spread using a strike $44.00 short put and a strike $37.50 long put offers a potential 17.97% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $44.00 by expiration. The full premium credit of $0.99 would be kept by the premium seller. The risk of $5.51 would be incurred if the stock dropped below the $37.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Devon Energy is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Devon Energy is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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

Devon Energy to Report Third-Quarter 2015 Results Nov. 3; Conference Call Scheduled for Nov. 4
Tue, 20 Oct 2015 20:30:00 GMT
Business Wire – Devon Energy Corp. today announced plans to issue its third-quarter 2015 earnings news release on Tuesday, Nov. 3, after the close of U.S. financial markets. Please note as soon as practicable after the news release is issued, Devon will post an operations report to its website at www.devonenergy.com.

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