Devon Energy (DVN) Offering Possible 6.38% Return Over the Next 25 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 $70.00 short put and a strike $65.00 long put offers a potential 6.38% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $65.00 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 61.4 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Devon Energy

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Wed, 28 May 2014 09:39:12 GMT

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Tue, 27 May 2014 16:46:49 GMT

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Tue, 27 May 2014 08:18:16 GMT

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Sat, 24 May 2014 19:46:23 GMT

Devon Energy's CEO Presents at UBS Global Oil and Gas Conference (Transcript)
Wed, 21 May 2014 20:24:08 GMT
Seeking Alpha – Then finally, we have two emerging areas within the company. Areas that we’re currently drilling, they have the potential to grow into the scale of a core area, but we’re still in the appraisals and early …

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