ConocoPhillips's most recent trend suggests a bearish bias. One trading opportunity on ConocoPhillips is a Bear Call Spread using a strike $50.00 short call and a strike $55.00 long call offers a potential 8.23% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $50.00 by expiration. The full premium credit of $0.38 would be kept by the premium seller. The risk of $4.62 would be incurred if the stock rose above the $55.00 long call 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 74.75 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for ConocoPhillips
Could a Demerger of BHP’s Petroleum Division Create Value?
Wed, 12 Apr 2017 21:35:48 +0000
Another suggestion raised by Elliott Funds was the demerging and separate listing of BHP Billiton’s US petroleum business on the New York Stock Exchange (or NYSE) (SPY) (SPX).
Seadrill Stock Slipping Wednesday Following Yesterday's Surge
Wed, 12 Apr 2017 14:42:00 +0000
Seadrill stock is giving back some recent gains.
Chevron, Exxon and other oil companies’ quarterly results could be ‘messy,’ analysts say
Wed, 12 Apr 2017 11:16:46 +0000
Major oil companies are likely to report first-quarter earnings below expectations later this month, analysts at Barclays say.
Oil & Gas Stock Roundup: Sunoco's $3.3B Deal, SeaDrill's Bankruptcy Warning and More
Tue, 11 Apr 2017 19:52:07 +0000
It was a week where oil prices extended their hold over the $50-a-barrel level, while natural gas futures climbed to a 2-month high.
Cenovus CEO seeks backing as bold bet and market jitters test his legacy
Tue, 11 Apr 2017 19:48:14 +0000
Cenovus Energy Inc will do more hedging after its acquisition of ConocoPhillips assets, the Canadian company's Chief Executive Brian Ferguson said on Tuesday as he mounted a charm offensive on investors who balked at the deal. Ferguson is known as a low-key and conservative chief executive in the western Canadian oil patch, and his C$17.7-billion ($13.3-billion) bid last month for the assets of ConocoPhillips, the latest international player to exit the country, had confounded investors and analysts.
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