ConocoPhillips’s most recent trend suggests a bullish bias. One trading opportunity on ConocoPhillips is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 7.3% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.34 would be kept by the premium seller. The risk of $4.66 would be incurred if the stock dropped below the $65.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for ConocoPhillips 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 ConocoPhillips is bullish.
The RSI indicator is at 68.83 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 ConocoPhillips
Your first trade for Thursday
Wed, 16 Oct 2013 22:25:24 GMT
CNBC – The “Fast Money” traders share their final trades of the day.
Are Crude Oil Prices Setting Up For An Autumn Bottom?
Wed, 16 Oct 2013 16:51:25 GMT
The Exchange – http://media.zenfs.com/en/blogs/the-exchange/255f7fbd-ef65-49df-82ab-b01653edf763_Andrew-Nyquist_avatar-120×120.jpg
Homesick Oil Majors Turn Home for Growth
Wed, 16 Oct 2013 13:31:59 GMT
Motley Fool – Oil majors are turning their eyes back home to find production growth
Biggest IPO of the year: Plains GP prices at $22
Wed, 16 Oct 2013 00:22:25 GMT
CNBC – Plains GP Holdings priced its IPO at $22 a share. Despite pricing on the low end of the expected range, it’s the largest US IPO of 2013.
Why oil rig counts dipped, down slightly since mid-year
Tue, 15 Oct 2013 14:46:29 GMT
Market Realist – US oil rig counts are down slightly since mid-year, despite robust oil prices. But this may be a sign of drilling efficiencies rather than a more negative outlook.
Also on Market Tamer…
Follow Us on Facebook