ConocoPhillips's most recent trend suggests a bullish bias. One trading opportunity on ConocoPhillips is a Bull Put Spread using a strike $77.50 short put and a strike $72.50 long put offers a potential 10.86% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.50 by expiration. The full premium credit of $0.49 would be kept by the premium seller. The risk of $4.51 would be incurred if the stock dropped below the $72.50 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 70.77 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for ConocoPhillips
June North Sea oil output to fall sharply
Mon, 12 May 2014 11:39:07 GMT
Credit Suisse to hold a symposium
Mon, 12 May 2014 11:28:47 GMT
ConocoPhillips Continues To Outperform Exxon And Chevron
Mon, 12 May 2014 06:13:13 GMT
ConocoPhillips: The Uptrend Will Not End Here
Mon, 12 May 2014 06:06:31 GMT
Here's How ConocoPhillips' Formula for Success Pays Off
Tue, 06 May 2014 21:22:59 GMT
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