Devon Energy Offering Possible 10.13% Return Over the Next 37 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 $62.50 short call and a strike $67.50 long call offers a potential 10.13% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $62.50 by expiration. The full premium credit of $0.46 would be kept by the premium seller. The risk of $4.54 would be incurred if the stock rose above the $67.50 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 37.9 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

4:35 pm Devon Energy names Thomas Mitchell as CFO
Thu, 16 Jan 2014 23:32:42 GMT
Briefing.com – 4:35 pm Devon Energy names Thomas Mitchell as CFO

[$$] Devon Energy Names Mitchell as CFO
Thu, 16 Jan 2014 23:16:44 GMT
The Wall Street Journal – The exploration and production company's new executive was previously chief financial officer of Midstates Petroleum.

Thomas Mitchell to Join Devon Energy as CFO
Thu, 16 Jan 2014 21:41:27 GMT
noodls – OKLAHOMA CITY–(BUSINESS WIRE)–Jan. 16, 2014– Devon Energy Corporation (NYSE:DVN) today announced that Thomas L. Mitchell will be joining the company as executive vice president and chief financial officer. …

Devon Energy names Thomas L. Mitchell as CFO
Thu, 16 Jan 2014 21:37:06 GMT
theflyonthewall.com – Devon Energy names Thomas L. Mitchell as CFO

Thomas Mitchell to Join Devon Energy as CFO
Thu, 16 Jan 2014 21:35:00 GMT
Business Wire – Devon Energy Corporation today announced that Thomas L. Mitchell will be joining the company as executive vice president and chief financial officer.

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