Newfield (NFX) Offering Possible 5.26% Return Over the Next 8 Calendar Days

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 5.26% return on risk over the next 8 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 $0.25 would be kept by the premium seller. The risk of $4.75 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 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

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

Newfield Exploration’s Stock Performance after Its 3Q16 Earnings
Mon, 07 Nov 2016 13:05:25 GMT

NEWFIELD EXPLORATION CO /DE/ Financials
Sat, 05 Nov 2016 17:04:09 GMT

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