Devon Energy's most recent trend suggests a bearish bias. One trading opportunity on Devon Energy is a Bear Call Spread using a strike $26.50 short call and a strike $31.50 long call offers a potential 12.11% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $26.50 by expiration. The full premium credit of $0.54 would be kept by the premium seller. The risk of $4.46 would be incurred if the stock rose above the $31.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Devon Energy 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 Devon Energy is bearish.
The RSI indicator is at 26.59 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Devon Energy
Can the FOMC Combat the Impact of Tariffs?
Wed, 05 Jun 2019 01:31:56 +0000
Traders are pricing in a rate cut as soon as July. The materials sector recovered, and the S&P 500 rebounded like it did in early March.
Does Devon Energy Corporation's (NYSE:DVN) Debt Level Pose A Problem?
Tue, 04 Jun 2019 19:14:30 +0000
Investors pursuing a solid, dependable stock investment can often be led to Devon Energy Corporation (NYSE:DVN), a…
Permian Basin Adds Oil Rig for the First Time in 7 Weeks
Mon, 03 Jun 2019 13:28:01 +0000
Although total rig count in the United States increases through the week till May 31, the tally may fall in the coming weeks owing to declining capital spending by U.S. explorers and a drop in oil prices.
Devon Energy: ‘Golden Cross’ Awaiting
Fri, 31 May 2019 13:00:17 +0000
Devon Energy: Fewer 'Buy' Recommendations(Continued from Prior Part)Devon Energy’s implied volatilityOn May 29, Devon Energy’s (DVN) implied volatility was 45.2%—11.2% higher than its 15-day average. On the same day, EOG Resources (EOG) and
Canadian Natural (CNQ) Ups Oilsands Game With C$3.8B Buyout
Thu, 30 May 2019 14:28:02 +0000
The complementary asset base of Devon Energy will not only boost Canadian Natural Resources' (CNQ) output, but also lead to synergy benefits of C$135 million on an annualized basis.
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