Devon Energy Offering Possible 13.64% Return Over the Next 24 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 $65.00 short call and a strike $70.00 long call offers a potential 13.64% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $65.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock rose above the $70.00 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 74.97 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

Edward Jones: EMC, Devon Offer Growth Opportunities
Wed, 26 Feb 2014 22:54:30 GMT

Did Canadian Natural Resources Ltd Get a Greasy Deal?
Tue, 25 Feb 2014 17:19:56 GMT

You Should Pay Attention to Devon Energy's Big Moves
Mon, 24 Feb 2014 15:41:59 GMT

Did Devon Make the Right Move by Selling Canadian Assets?
Sat, 22 Feb 2014 17:01:59 GMT

Devon Energy's Shift to Liquids Is Paying Off
Sat, 22 Feb 2014 17:01:58 GMT

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