Devon Energy's most recent trend suggests a bearish bias. One trading opportunity on Devon Energy is a Bear Call Spread using a strike $70.50 short call and a strike $76.00 long call offers a potential 9.78% 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 $70.50 by expiration. The full premium credit of $0.49 would be kept by the premium seller. The risk of $5.01 would be incurred if the stock rose above the $76.00 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 25.69 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Devon Energy
Fri, 12 Sep 2014 21:44:13 GMT
AP – ___ US job growth drops to 142K, slowest in 8 months A surprising drop in hiring and in the number of people seeking work in August sent a reminder that the U.S. economic recovery is still prone to temporary …
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Fri, 12 Sep 2014 13:00:44 GMT
Devon Energy Announces Upcoming Investor Event
Thu, 11 Sep 2014 13:15:00 GMT
Business Wire – Devon Energy Corporation today announced its management will present at the UBS Energy Bus-less Tour in Houston on Thursday, September 18, 2014, at 10:00 a.m. Central Time (11:00 a.m.
Devon Energy Announces Fourth Quarter Cash Dividend for Common Stockholders
Wed, 10 Sep 2014 14:30:00 GMT
Business Wire – Devon Energy Corporation today announced that its board of directors declared a quarterly cash dividend on Devon’s common stock for the fourth quarter of 2014. The divid
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Wed, 03 Sep 2014 14:05:00 GMT
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