Devon Energy Offering Possible 6.23% Return Over the Next 37 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 $57.50 short put and a strike $50.00 long put offers a potential 6.23% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.50 by expiration. The full premium credit of $0.44 would be kept by the premium seller. The risk of $7.06 would be incurred if the stock dropped below the $50.00 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 33.21 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Devon Energy

DEVON ENERGY CORP/DE Financials
Thu, 14 Nov 2013 18:04:11 GMT

Canada Continues to Fuel Growth for ConocoPhillips and Devon Energy
Tue, 12 Nov 2013 15:45:58 GMT
Motley Fool – ConocoPhillips and Devon Energy just love Canada. It’s fueling growth that investors shouldn’t ignore.

Are We About to See a Big Turnaround for Oil Sands?
Mon, 11 Nov 2013 12:01:57 GMT
Motley Fool – Devon Energy, ConocoPhillips, and Suncor all had better-than-expected results from their Canadian oil sands operations. Has the time come for oil sands to put its troubled past behind it?

Devon Energy is undervalued by 25%, Barron's says
Sun, 10 Nov 2013 22:55:49 GMT
theflyonthewall.com – Small improvements to Devon Energy's valuations could drive shares of the company over 25% to above $80 per share, Barron's argues in a feature article.

Devon Energy shares could rise 25 percent or more: Barron's
Sun, 10 Nov 2013 19:35:29 GMT
Reuters – Devon Energy Corp's stock could rise 25 percent or more to exceed $80 per share as the U.S. oil and gas producer reaps the benefit of retooling itself to hunt for more oil, Barron's wrote in its Nov. 11 edition. Devon Energy closed at $60.11 Friday on the New York Stock Exchange.

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