Devon Energy's most recent trend suggests a bullish bias. One trading opportunity on Devon Energy is a Bull Put Spread using a strike $60.00 short put and a strike $55.00 long put offers a potential 14.16% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $0.62 would be kept by the premium seller. The risk of $4.38 would be incurred if the stock dropped below the $55.00 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 55.41 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Devon Energy
The New Devon Energy Gets to Strut Its Stuff This Quarter
Wed, 12 Feb 2014 19:04:06 GMT
Devon Energy to Webcast Fourth-Quarter and Year-End 2013 Earnings Conference Call
Wed, 12 Feb 2014 16:22:48 GMT
noodls – OKLAHOMA CITY–(BUSINESS WIRE)–Feb. 12, 2014– Devon Energy Corporation (NYSE:DVN) today confirmed that it will discuss its fourth-quarter and year-end 2013 financial and operating results in a conference …
Devon Energy to Webcast Fourth-Quarter and Year-End 2013 Earnings Conference Call
Wed, 12 Feb 2014 14:21:00 GMT
Business Wire – Devon Energy Corporation today confirmed that it will discuss its fourth-quarter and year-end 2013 financial and operating results in a conference call at 10 a.m. Central Time (11 a.m.
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