Newfield Offering Possible 9.89% Return Over the Next 24 Calendar Days

Newfield’s most recent trend suggests a bullish bias. One trading opportunity on Newfield is a Bull Put Spread using a strike $29.00 short put and a strike $24.00 long put offers a potential 9.89% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $29.00 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 dropped below the $24.00 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 72.37 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

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

Is Newfield Exploration Making a Mistake?
Tue, 22 Oct 2013 15:20:08 GMT
Motley Fool – Newfield Exploration is exiting Malaysia, a country that both ConocoPhillips and Murphy Oil really like. Is it making a mistake?

Why Ultra Petroleum Is Interested in the Uinta Basin
Tue, 22 Oct 2013 15:16:30 GMT
Motley Fool – Ultra Petroleum follows LINN Energy and Newfield Exploration into the Uinta Basin.

Newfield to sell Malaysian business for $898M
Tue, 22 Oct 2013 14:10:42 GMT

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