Newfield's most recent trend suggests a bullish bias. One trading opportunity on Newfield is a Bull Put Spread using a strike $38.00 short put and a strike $33.00 long put offers a potential 12.36% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $38.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock dropped below the $33.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Newfield 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 Newfield is bullish.
The RSI indicator is at 26.21 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Newfield
Insider Trading Alert – CACI, SE And NFX Traded By Insiders
Tue, 16 Sep 2014 15:45:00 GMT
Why Viking Global opens new position in Newfield Exploration
Mon, 15 Sep 2014 21:24:16 GMT
Newfield Exploration attracts bearish spread trading
Thu, 11 Sep 2014 18:33:24 GMT
Reuters – Bearish spread trading rose in oil and gas producer Newfield Exploration Co for a second day in a row on Thursday, indicating some traders in the options market are worried about the stock trading lower in coming months. The September-December put spread at $45 strike on Newfield Exploration traded 7,756 times at a cost of 40 to 50 cents per contract, on Thursday.
Newfield Exploration’s Transformation to Oil Producer Is Imminent
Wed, 10 Sep 2014 17:12:00 GMT
Why Newfield Exploration (NFX) Stock Is Dropping Today
Mon, 08 Sep 2014 17:20:00 GMT
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