Spectra Energy (SE) Offering Possible 7.53% Return Over the Next 22 Calendar Days

Spectra Energy's most recent trend suggests a bearish bias. One trading opportunity on Spectra Energy is a Bear Call Spread using a strike $39.00 short call and a strike $44.00 long call offers a potential 7.53% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $39.00 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock rose above the $44.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Spectra Energy 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 Spectra Energy is bearish.

The RSI indicator is at 65.13 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Spectra Energy

Spectra Energy draws bullish play
Tue, 22 Apr 2014 10:14:57 GMT

Transportation Stocks Find Support
Mon, 21 Apr 2014 22:42:00 GMT

SPECTRA ENERGY CORP. Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Submission
Wed, 16 Apr 2014 10:02:23 GMT

Spectra Energy Partners' Management Hosts Annual Shareholder Meeting (Transcript)
Tue, 15 Apr 2014 22:31:06 GMT
Seeking Alpha – Bill Esrey Thanks, Julie and good morning. It’s my privilege to call to order our Eighth Annual Meeting of Shareholders and welcome all of you to this 2014 Annual Meeting.

Spectra Energy Board of Directors Names New Chair and Lead Director
Tue, 15 Apr 2014 13:10:00 GMT
PR Newswire – HOUSTON, April 15, 2014 /PRNewswire/ — Spectra Energy Corp (SE) today announced that the board of directors has elected Gregory L. Ebel to serve as chair of the board of directors. Mr. Ebel, who has been president and chief executive officer since January 2009, replaces William T. Esrey who is retiring after serving as chair for the past five years. The company also announced that F. Anthony Comper has been elected as independent lead director. Mr. Comper, originally elected to the board in 2007, is the former chair and retired president and chief executive officer of BMO Financial Group and will serve as a member of Spectra Energy's corporate governance and audit committees.

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