Devon Energy (DVN) Offering Possible 21.36% Return Over the Next 11 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 $75.00 short call and a strike $80.00 long call offers a potential 21.36% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $75.00 by expiration. The full premium credit of $0.88 would be kept by the premium seller. The risk of $4.12 would be incurred if the stock rose above the $80.00 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 37.61 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 Reports Second-Quarter 2014 Results
Wed, 06 Aug 2014 14:03:12 GMT
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DEVON ENERGY CORP/DE Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhi
Wed, 06 Aug 2014 13:01:01 GMT

[$$] Devon Energy Revenue Rises
Wed, 06 Aug 2014 12:51:15 GMT

Devon Energy 2nd-quarter profit slips; output lower
Wed, 06 Aug 2014 12:17:42 GMT

Devon Energy Reports Second-Quarter 2014 Results
Wed, 06 Aug 2014 12:00:00 GMT
Business Wire – Devon Energy Corporation today reported net earnings of $675 million or $1.65 per common share for the quarter ended June 30, 2014. This compar

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