Newfield’s most recent trend suggests a bullish bias. One trading opportunity on Newfield is a Bull Put Spread using a strike $30.00 short put and a strike $25.00 long put offers a potential 13.64% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $30.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock dropped below the $25.00 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 73.37 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Newfield
PetroTech Oil Moves Equipment and Rigs onto the New Nowata Lease
Fri, 25 Oct 2013 12:45:00 GMT
PR Newswire – BEDFORD, Texas, October 25, 2013 /PRNewswire/ — PetroTech Oil and Gas, Inc. (OTC: PTOG:) announces they have scheduled to move their rigs onto the new Nowata lease in Oklahoma, to begin set up for testing …
Oil Production Tanks Ordered, and Roads Are Being Set for the New Lease Acquisition at PetroTech Oil and Gas in Nowata, Oklahoma
Thu, 24 Oct 2013 12:45:00 GMT
PR Newswire – BEDFORD, Texas, October 24, 2013 /PRNewswire/ — PetroTech Oil and Gas, Inc. (OTC: PTOG) announces they have ordered New Oil Production Tanks, and roads are being set at their new acquisition in Nowata, …
Newfield Expl downgraded by Stifel
Thu, 24 Oct 2013 05:11:12 GMT
SE Asia Stocks-Mostly firmer; Malaysia closes at record high
Wed, 23 Oct 2013 10:44:05 GMT
SapuraKencana Deal Pushes KLCI to Record: Kuala Lumpur Mover
Wed, 23 Oct 2013 02:54:16 GMT
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