Devon Energy Offering Possible 12.36% Return Over the Next 39 Calendar Days

Devon Energy’s most recent trend suggests a bearish bias. One trading opportunity on Devon Energy is a Bear Call Spread using a strike $62.50 short call and a strike $67.50 long call offers a potential 12.36% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $62.50 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock rose above the $67.50 long call strike price.

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

The RSI indicator is at 29.72 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Devon Energy

Canada Continues to Fuel Growth for ConocoPhillips and Devon Energy
Tue, 12 Nov 2013 15:45:58 GMT
Motley Fool – ConocoPhillips and Devon Energy just love Canada. It’s fueling growth that investors shouldn’t ignore.

Are We About to See a Big Turnaround for Oil Sands?
Mon, 11 Nov 2013 12:01:57 GMT
Motley Fool – Devon Energy, ConocoPhillips, and Suncor all had better-than-expected results from their Canadian oil sands operations. Has the time come for oil sands to put its troubled past behind it?

Devon Energy is undervalued by 25%, Barron’s says
Sun, 10 Nov 2013 22:55:49 GMT – Small improvements to Devon Energy’s valuations could drive shares of the company over 25% to above $80 per share, Barron’s argues in a feature article.

Devon Energy shares could rise 25 percent or more: Barron’s
Sun, 10 Nov 2013 19:35:29 GMT
Reuters – Devon Energy Corp’s stock could rise 25 percent or more to exceed $80 per share as the U.S. oil and gas producer reaps the benefit of retooling itself to hunt for more oil, Barron’s wrote in its Nov. 11 edition. Devon Energy closed at $60.11 Friday on the New York Stock Exchange.

Why You Shouldn’t Discount Lesser Known Oil and Gas Plays
Sat, 09 Nov 2013 15:36:00 GMT
Motley Fool – The Granite Wash is a little-known play that a few companies are spending billions on.

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