ConocoPhillips (COP) Offering Possible 15.21% Return Over the Next 7 Calendar Days

ConocoPhillips's most recent trend suggests a bearish bias. One trading opportunity on ConocoPhillips is a Bear Call Spread using a strike $62.00 short call and a strike $67.00 long call offers a potential 15.21% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $62.00 by expiration. The full premium credit of $0.66 would be kept by the premium seller. The risk of $4.34 would be incurred if the stock rose above the $67.00 long call strike price.

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

The RSI indicator is at 28.14 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

Venezuela is paying its bondholders*
Thu, 09 May 2019 04:00:39 +0000
Against the backdrop of a political and humanitarian crises in Venezuela, many creditors have lost hope of getting paid back. In fact, those holding roughly $10bn worth of debt issued by both the government, and state-owned oil company PDVSA, haven't seen a payment for years now. Venezuela is paying out those it simply can't afford not to.

Ken Fisher Buys Adobe, ConocoPhillips
Tue, 07 May 2019 17:48:04 +0000
Guru's largest buys of 1st quarter

Top Ranked Growth Stocks to Buy for May 7th
Tue, 07 May 2019 15:05:03 +0000
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Oil & Gas Stock Roundup: Shell, BP & ConocoPhillips Post Q1 Earnings Beat
Tue, 07 May 2019 14:20:02 +0000
European oil majors Royal Dutch Shell (RDS.A) and BP plc (BP), as well as energy explorer ConocoPhillips (COP) reported better-than-expected first-quarter earnings.

Occidental's (OXY) Q1 Earnings & Revenues Beat Estimates
Tue, 07 May 2019 12:39:12 +0000
Occidental Petroleum's (OXY) Q1 earnings and revenues surpass estimates, and production continues to rise, courtesy of solid contribution from Permian Resource assets.

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