Devon Energy (DVN) Offering Possible 21.07% Return Over the Next 40 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 $55.00 short put and a strike $50.00 long put offers a potential 21.07% return on risk over the next 40 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $55.00 by expiration. The full premium credit of $0.87 would be kept by the premium seller. The risk of $4.13 would be incurred if the stock dropped below the $50.00 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 at 41.44 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

If EOG Resources is ‘the New Saudi Arabia of Global Oil,' Devon Energy is Kuwait
Mon, 12 Jan 2015 16:22:00 GMT

SNC Lavalin, Devon Energy Canada, AMECFW, CNRL, Fluor Corporation, and Nexen Ltd. to speak at the upcoming 4th Annual Modular Construction, Prefabrication & Logistics Canada Summit
Thu, 18 Dec 2014 16:09:00 GMT
CNW Group – SNC Lavalin, Devon Energy Canada, AMECFW, CNRL, Fluor Corporation, and Nexen Ltd. to speak at the upcoming 4th Annual Modular Construction, Prefabrication & Logistics Canada Summit

Laredo Petroleum Slashes Capital Spending Budget
Tue, 16 Dec 2014 18:06:00 GMT

Continental Resources' Oil Hedge Bet Questioned
Sat, 13 Dec 2014 13:02:00 GMT

Equity markets fell…and fell hard (no recovery like yesterday)
Wed, 10 Dec 2014 22:15:00 GMT

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