Devon Energy Offering Possible 8.46% Return Over the Next 19 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 8.46% return on risk over the next 19 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 $0.39 would be kept by the premium seller. The risk of $4.61 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 below 20 which suggests that the stock is in oversold territory.

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

NorthWestern Energy Completes Purchase of Natural Gas Assets in Montana
Mon, 02 Dec 2013 22:26:55 GMT
noodls – Butte, Mont. – Dec. 2, 2013- NorthWestern Corporation d/b/a NorthWestern Energy (NYSE: NWE) has completed the $70.2 million purchase (subject to customary post-closing adjustments) of operating and nonoperating …

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Mon, 02 Dec 2013 20:47:58 GMT

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Mon, 02 Dec 2013 16:35:58 GMT
Motley Fool – Five years ago few people had heard of it. Today, the Eagle Ford is one of the largest oil fields in the United States.

Devon Energy poised to outperform in 2014, says RBC Capital
Mon, 02 Dec 2013 12:06:10 GMT
theflyonthewall.com – RBC Capital believes that Devon Energy's outlook has improved as a result of its Eagleford acquisition and planned non-core asset sales. The firm thinks the company is poised to outperform in 2014 if it …

Big Natgas Producer Chesapeake Energy Makes Oil Move
Fri, 29 Nov 2013 23:07:00 GMT
Investor's Business Daily – Big Natgas Producer Chesapeake Energy Makes Oil Move

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