Newfield's most recent trend suggests a bearish bias. One trading opportunity on Newfield is a Bear Call Spread using a strike $28.00 short call and a strike $33.00 long call offers a potential 6.38% 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 $28.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock rose above the $33.00 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 28.52 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Newfield
Newfield Exploration to Present at Upcoming Event
Wed, 03 Dec 2014 23:09:29 GMT
noodls – THE WOODLANDS, Texas, Dec. 3, 2014 /PRNewswire/ — Newfield Exploration Company(NYSE: NFX) is scheduled to present at 11:00 a.m. CST on December 11, 2014 at the Capital One Securities, Inc. 9th Annual …
Newfield Exploration to Present at Upcoming Event
Wed, 03 Dec 2014 22:44:00 GMT
PR Newswire – THE WOODLANDS, Texas, Dec. 3, 2014 /PRNewswire/ — Newfield Exploration Company (NYSE: NFX) is scheduled to present at 11:00 a.m. CST on December 11, 2014 at the Capital One Securities, Inc. 9 th Annual …
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