Devon Energy (DVN) Offering Possible 31.93% Return Over the Next 26 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 $65.50 short put and a strike $60.50 long put offers a potential 31.93% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.50 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 $60.50 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 above 80 which suggests that the stock is in overbought territory.

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

Energy bulls can't get enough of Devon
Fri, 21 Nov 2014 17:51:20 GMT

Devon Energy (DVN) Upgraded From Hold to Buy
Fri, 21 Nov 2014 14:05:00 GMT

A must-know analysis of the latest natural gas inventory report
Tue, 18 Nov 2014 13:00:22 GMT

Wall Street remaining directionless for a 6th consecutive trading day
Mon, 17 Nov 2014 21:29:00 GMT

DEVON ENERGY CORP/DE Financials
Fri, 14 Nov 2014 18:04:29 GMT

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