Devon Energy (DVN) Offering Possible 18.2% Return Over the Next 17 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 $67.50 short put and a strike $62.50 long put offers a potential 18.2% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $67.50 by expiration. The full premium credit of $0.77 would be kept by the premium seller. The risk of $4.23 would be incurred if the stock dropped below the $62.50 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

QEP Resources Brings E&P Assets Back to Auction
Wed, 02 Apr 2014 16:38:30 GMT

Devon Energy Completes Sale of Canadian Conventional Assets
Wed, 02 Apr 2014 09:00:00 GMT
Business Wire – Devon Energy Corporation today announced that it has completed the sale of its Canadian conventional assets to Canadian Natural Resources Limited for C$3.125 billion. Th

Devon Energy Announces Upcoming Investor Event
Tue, 01 Apr 2014 15:44:00 GMT
Business Wire – Devon Energy Corporation today announced its management will present at the IPAA Oil and Gas Investment Symposium in New York on Tuesday, April 8, 2014, at 10:55 a.m. Eastern Time.

Southwestern Energy Expected To Benefit From Natgas
Tue, 01 Apr 2014 15:26:00 GMT

Asset Drop-Down Transparency Increases Investor Demand for Midstream MLPs: A Wall Street Transcript Interview with Elvira Scotto, a Director and MLP Equity Research Analyst for RBC Capital Markets,
Fri, 28 Mar 2014 13:11:00 GMT

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