Newfield's most recent trend suggests a bullish bias. One trading opportunity on Newfield is a Bull Put Spread using a strike $36.00 short put and a strike $31.00 long put offers a potential 8.7% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $36.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $31.00 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 76.36 level which suggests that the stock is neither overbought nor oversold at this time.
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
Is Newfield Exploration (NFX) Stock a Solid Choice Right Now?
Tue, 03 Jun 2014 11:41:23 GMT
Insider Trading Alert – O, SLCA And NFX Traded By Insiders
Fri, 30 May 2014 16:16:00 GMT
Number 1 Ranked Domestic Oil And Gas Play – Newfield Exploration
Thu, 15 May 2014 17:05:01 GMT
NEWFIELD EXPLORATION CO /DE/ Files SEC form 8-K, Submission of Matters to a Vote of Security Holders
Tue, 13 May 2014 20:50:48 GMT
ISI Group to hold a conference
Tue, 13 May 2014 11:23:00 GMT
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