Devon Energy (DVN) Offering Possible 25% Return Over the Next 16 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 $60.50 short call and a strike $65.50 long call offers a potential 25% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $60.50 by expiration. The full premium credit of $1.00 would be kept by the premium seller. The risk of $4.00 would be incurred if the stock rose above the $65.50 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 38.44 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

U.S. Oil Reserves Near 40-Year High, But Saudi Price Cuts Could Be A Drag
Thu, 04 Dec 2014 22:51:00 GMT

U.S. Oil Reserves Hit High As Saudis Sink Price
Thu, 04 Dec 2014 19:17:00 GMT

Devon CEO Richels stepping down in July, Hager to replace
Thu, 04 Dec 2014 14:53:48 GMT

Apache’s focus: Onshore North America
Thu, 04 Dec 2014 13:00:56 GMT

Devon CEO Richels stepping down in July, Hagar to replace
Wed, 03 Dec 2014 22:51:02 GMT

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