Devon Energy (DVN) Offering Possible 9.89% 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 $67.50 short put and a strike $62.50 long put offers a potential 9.89% 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 $67.50 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 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 72.28 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 price target raised to $90 from $82 at FBR Capital
Tue, 22 Apr 2014 12:23:18 GMT

Domestic Shale Drives Profits for Infrastructure Construction Stocks: A Wall Street Transcript Interview with Tahira Afzal, an Equity Research Analyst Covering Construction, Engineering and Infrastructure with KeyBanc Capital Markets Inc.
Wed, 16 Apr 2014 17:48:00 GMT

Devon Energy: Why The Shares Are Rallying In 2014
Sun, 13 Apr 2014 11:57:58 GMT

Risk-Reward Balanced at Devon Energy
Fri, 11 Apr 2014 20:10:07 GMT

Bid evaporated midday: Pisani
Fri, 11 Apr 2014 17:25:00 GMT

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