Devon Energy's most recent trend suggests a bullish bias. One trading opportunity on Devon Energy is a Bull Put Spread using a strike $59.00 short put and a strike $54.00 long put offers a potential 21.65% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $59.00 by expiration. The full premium credit of $0.89 would be kept by the premium seller. The risk of $4.11 would be incurred if the stock dropped below the $54.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Devon Energy 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 Devon Energy is bullish.
The RSI indicator is at 36.77 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Devon Energy
Fri, 24 Oct 2014 21:45:05 GMT
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Wed, 22 Oct 2014 16:58:00 GMT
Devon Energy upgraded by Global Hunter Securities
Tue, 21 Oct 2014 13:52:48 GMT
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