Murphy Oil's most recent trend suggests a bearish bias. One trading opportunity on Murphy Oil is a Bear Call Spread using a strike $25.00 short call and a strike $30.00 long call offers a potential 8.7% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $25.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock rose above the $30.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Murphy Oil 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 Murphy Oil is bearish.
The RSI indicator is at 23.96 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 Murphy Oil
Key Energy Events This Week
Mon, 31 Dec 2018 16:05:09 +0000
The EIA’s (U.S. Energy Information Administration) latest oil and natural gas inventory data are scheduled to be released on January 4. The data could be an important short-term driver for oil and natural gas prices.
Murphy Oil Corp Lures the Dividend Investor
Mon, 24 Dec 2018 17:26:28 +0000
If you are looking for value as dividend investor in the Oil & Gas Exploration & Production industry, consider Murphy Oil Corp. (MUR), a Dorado, Arkansas-headquartered petroleum and natural gas production and exploration company. It currently distributes a 25 cents cash quarterly dividend per ordinary share, with a forward dividend yield of 4.27% according to the stock price at close on Friday. The forward dividend yield of Murphy Oil is interesting because it is higher than the industry average of 3.52% and the S&P 500 index of 2.17%.
What Falling Estimates & Price Mean for Murphy Oil (MUR)
Thu, 20 Dec 2018 13:39:01 +0000
Murphy Oil (MUR) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
New Strong Sell Stocks for December 20th
Thu, 20 Dec 2018 13:27:01 +0000
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today
Shale Under Pressure As Oil Falls Below $50
Tue, 18 Dec 2018 00:00:00 +0000
The remarkable growth of U.S. shale production may come under threat in 2019 if oil prices fail to climb back to higher levels
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