Newfield (NFX) Offering Possible 11.11% Return Over the Next 4 Calendar Days

Newfield's most recent trend suggests a bearish bias. One trading opportunity on Newfield is a Bear Call Spread using a strike $38.00 short call and a strike $43.00 long call offers a potential 11.11% return on risk over the next 4 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $38.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock rose above the $43.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Newfield 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 Newfield 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 Newfield

Anadarko Petroleum Corporation (APC), Cimarex Energy Co (XEC) & 2 More: Do Encompass Capital’s Top Energy Picks Have Any Juice Left In Them?
Thu, 10 Nov 2016 13:27:54 GMT

Newfield Expl upgraded by Societe Generale
Thu, 10 Nov 2016 12:25:59 GMT

Newfield Exploration to Present at Upcoming Events
Mon, 07 Nov 2016 17:34:00 GMT
PR Newswire – THE WOODLANDS, Texas, Nov. 7, 2016 /PRNewswire/ — Newfield Exploration Company (NYSE: NFX) is scheduled to present at the following events: Bank of America Merrill Lynch Global Energy Conference * 8:00 …

What Do Analysts Recommend for NFX after Its 3Q16 Earnings?
Mon, 07 Nov 2016 16:04:13 GMT

NFX’s Volatility Has Declined Significantly since Early 2016
Mon, 07 Nov 2016 15:04:24 GMT

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