Murphy Oil's most recent trend suggests a bullish bias. One trading opportunity on Murphy Oil is a Bull Put Spread using a strike $32.50 short put and a strike $27.50 long put offers a potential 16.28% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $32.50 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock dropped below the $27.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Murphy Oil 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 Murphy Oil is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Murphy Oil
MURPHY OIL CORP /DE Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Mon, 02 May 2016 21:45:37 GMT
Murphy Oil’s Production Guidance, Management Strategies for 1Q16
Sat, 30 Apr 2016 06:33:28 GMT
What to Expect from Murphy Oil’s 1Q16 Earnings
Sat, 30 Apr 2016 06:32:28 GMT
Murphy Oil (MUR) Q1 Earnings: Stock to Pull a Surprise?
Thu, 28 Apr 2016 19:07:07 GMT
MURPHY OIL CORPORATION ANNOUNCES NON-CORE ASSET SALE – DIVESTS INTEREST IN SYNCRUDE JOINT VENTURE FOR C$937 MILLION
Thu, 28 Apr 2016 00:17:27 GMT
noodls – EL DORADO, Arkansas, April 27, 2016 – Murphy Oil Corporation (NYSE: MUR) today announced that its Canadian subsidiary has signed a purchase and sale agreement for the sale of its Syncrude Canada Ltd. (‘Syncrude') …
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