Devon Energy Offering Possible 7.99% Return Over the Next 36 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 7.99% return on risk over the next 36 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 $0.37 would be kept by the premium seller. The risk of $4.63 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 30.91 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

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Sat, 18 Jan 2014 15:06:00 GMT
Motley Fool – ConnocoPhillips, Devon Energy, and Hess look completely different than they did a little while back, so should you invest in them?

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4:35 pm Devon Energy names Thomas Mitchell as CFO
Fri, 17 Jan 2014 07:21:00 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.

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