Devon Energy (DVN) Offering Possible 20.48% Return Over the Next 13 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 $42.50 short call and a strike $47.50 long call offers a potential 20.48% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $42.50 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock rose above the $47.50 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 55.18 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

Devon Energy (DVN) Up 13% Since Earnings Report: Can It Continue?
Thu, 31 May 2018 14:37:02 +0000
Devon Energy (DVN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Is the Options Market Predicting a Spike in Devon Energy (DVN) Stock?
Thu, 31 May 2018 12:35:12 +0000
Investors in Devon Energy (DVN) need to pay close attention to the stock based on moves in the options market lately.

ConocoPhillips Stock: Analysts’ Median Target Price
Wed, 30 May 2018 11:33:16 +0000
As of May 25, Reuters reported that 22 analysts gave recommendations on ConocoPhillips. Of the analysts, ~18% recommended a “strong buy,” ~46% recommended a “buy,” and ~36% recommended a “hold.” There weren’t any “sell” or “strong sell” recommendations.

Did Crude Oil Move ConocoPhillips Stock Last Week?
Tue, 29 May 2018 18:45:09 +0000
As we discussed in the previous part, ConocoPhillips’s (COP) stock price fell ~6% for the week ending May 25. Crude oil (SCO) fell almost 5% last week. So, ConocoPhillips’s stock price underperformed crude oil prices. In this part, we’ll discuss the correlation between ConocoPhillips stock and crude oil prices.

Why ConocoPhillips Stock Declined Last Week
Tue, 29 May 2018 17:12:40 +0000
For the week ending May 25, crude oil (USO) prices decreased from $71.37 per barrel to $67.88 per barrel—a decrease of almost 6%. Crude oil prices saw a declining trend last week. Crude oil prices decreased in the last four days of the week. Even though crude oil prices increased on Monday and hit a 52-week high of $72.90 per barrel on Tuesday, they didn’t stay at the higher levels.

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