Devon Energy (DVN) Offering Possible 7.72% Return Over the Next 10 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 $71.50 short call and a strike $77.50 long call offers a potential 7.72% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $71.50 by expiration. The full premium credit of $0.43 would be kept by the premium seller. The risk of $5.57 would be incurred if the stock rose above the $77.50 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 33.64 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

Business Highlights
Wed, 10 Sep 2014 22:07:56 GMT
AP – ___ US job growth drops to 142K, slowest in 8 months A surprising drop in hiring and in the number of people seeking work in August sent a reminder that the U.S. economic recovery is still prone to temporary …

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

Insider Trading Alert – SKT, DVN And CLGX Traded By Insiders
Wed, 03 Sep 2014 14:05:00 GMT

Devon Energy Announces Upcoming Investor Event
Wed, 27 Aug 2014 13:00:00 GMT
Business Wire – Devon Energy Corporation today announced its management will present at the Barclays CEO Energy/Power Conference in New York on Wednesday, September 3, 2014 at 9:45 a.m. Eastern Time.

Devon Energy Sees Higher Oil Production, Lower Debt
Tue, 26 Aug 2014 14:04:00 GMT

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