Newfield's most recent trend suggests a bearish bias. One trading opportunity on Newfield is a Bear Call Spread using a strike $41.00 short call and a strike $46.00 long call offers a potential 9.89% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $41.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock rose above the $46.00 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 34.51 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
NEWFIELD EXPLORATION CO /DE/ Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclos
Thu, 31 Jul 2014 15:21:34 GMT
NEWFIELD EXPLORATION CO /DE/ Files SEC form 10-Q, Quarterly Report
Wed, 30 Jul 2014 19:47:47 GMT
Why Newfield Exploration (NFX) Stock Is Down Today
Wed, 30 Jul 2014 19:20:00 GMT
Newfield, Seadrill Among Struggling Energy Stocks
Wed, 30 Jul 2014 15:47:00 GMT
Newfield Exploration Misses on Q2 Earnings, Revenues Beat
Wed, 30 Jul 2014 12:50:03 GMT
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