Devon Energy (DVN) Offering Possible 35.87% Return Over the Next 28 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 $25.00 short call and a strike $30.00 long call offers a potential 35.87% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $25.00 by expiration. The full premium credit of $1.32 would be kept by the premium seller. The risk of $3.68 would be incurred if the stock rose above the $30.00 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 31.92 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 (DVN) Stock Rallying on Rebounding Oil Prices
Thu, 21 Jan 2016 16:55:00 GMT

The Curious Case of Devon Energy
Thu, 21 Jan 2016 15:45:00 GMT

U.S. Stocks Climb, Led by Energy Shares Amid Stimulus Prospects
Thu, 21 Jan 2016 11:06:38 GMT

After-hours buzz: VIAB, FEYE, CHK & more
Wed, 20 Jan 2016 23:05:24 GMT

Stocks end sharply lower, but trim heavy losses in wind trading
Wed, 20 Jan 2016 22:06:26 GMT

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