Devon Energy (DVN) Offering Possible 5.26% Return Over the Next 32 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 $67.50 short put and a strike $62.50 long put offers a potential 5.26% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $67.50 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $62.50 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 at 36.24 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

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Devon Energy Announces Upcoming Investor Event
Thu, 11 Sep 2014 13:15:00 GMT
Business Wire – Devon Energy Corporation today announced its management will present at the UBS Energy Bus-less Tour in Houston on Thursday, September 18, 2014, at 10:00 a.m. Central Time (11:00 a.m.

Devon Energy Announces Fourth Quarter Cash Dividend for Common Stockholders
Wed, 10 Sep 2014 14:30:00 GMT
Business Wire – Devon Energy Corporation today announced that its board of directors declared a quarterly cash dividend on Devon’s common stock for the fourth quarter of 2014. The divid

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