Devon Energy's most recent trend suggests a bearish bias. One trading opportunity on Devon Energy is a Bear Call Spread using a strike $75.00 short call and a strike $80.00 long call offers a potential 12.36% 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 $75.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock rose above the $80.00 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 38.41 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Devon Energy
Fri, 08 Aug 2014 22:04:01 GMT
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Thu, 07 Aug 2014 17:00:00 GMT
Devon Q2 Production Up, Sheds Non-Core Assets
Wed, 06 Aug 2014 16:03:00 GMT
DEVON ENERGY CORP/DE Files SEC form 8-K, Regulation FD Disclosure
Wed, 06 Aug 2014 16:01:59 GMT
Devon Energy Q2 Earnings Meet Expectations, Revenues Beat
Wed, 06 Aug 2014 15:20:04 GMT
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