Devon Energy (DVN) Offering Possible 12.11% Return Over the Next 15 Calendar Days

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

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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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