Devon Energy Offering Possible 5.71% Return Over the Next 29 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 $60.00 short put and a strike $55.00 long put offers a potential 5.71% return on risk over the next 29 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 $0.27 would be kept by the premium seller. The risk of $4.73 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 70.14 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

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

Devon Energy Hits for the Cycle
Fri, 21 Feb 2014 14:27:57 GMT

Devon Energy to Sell “Non-Core” Canadian Assets for $2.8 Billion
Wed, 19 Feb 2014 21:23:56 GMT

Deals of the day- Mergers and acquisitions
Wed, 19 Feb 2014 21:00:19 GMT

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