Devon Energy (DVN) Offering Possible 31.93% Return Over the Next 22 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 $44.00 short put and a strike $39.00 long put offers a potential 31.93% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $44.00 by expiration. The full premium credit of $1.21 would be kept by the premium seller. The risk of $3.79 would be incurred if the stock dropped below the $39.00 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 79.74 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

Cramer: With Oil Plunging, How Is This Little Guy Thriving?
Wed, 24 Aug 2016 23:01:00 GMT

Oil Stocks: Going Up?
Wed, 24 Aug 2016 18:43:00 GMT

Devon Energy to Present at Barclays CEO Energy-Power Conference
Wed, 24 Aug 2016 15:26:00 GMT
Business Wire – Devon Energy Corp. announced today that Dave Hager, president and chief executive officer, will present at the Barclays CEO Energy-Power Conference in New York City on Wednesday, Sept.

Forget The Pullbacks – Oil To See Strong Rebound In 2017
Tue, 23 Aug 2016 23:00:00 GMT

Are Investors Underappreciating Devon Energy?
Tue, 23 Aug 2016 18:46:40 GMT

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