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 6.38% return on risk over the next 9 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 $0.30 would be kept by the premium seller. The risk of $4.70 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 33.94 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Newfield
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.
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Tue, 02 Sep 2014 21:18:11 GMT
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