Newfield's most recent trend suggests a bearish bias. One trading opportunity on Newfield is a Bear Call Spread using a strike $40.00 short call and a strike $45.00 long call offers a potential 12.36% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $40.00 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 rose above the $45.00 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 at 21.25 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Newfield
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
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Mon, 08 Sep 2014 17:20:00 GMT
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