Reasons for bullish bias: - Price bounced from strong support - Entry is at the breakout of the triangle - Targets set till projection Entry Level(Buy Stop): 45.96 Stop Loss Level: 40.21 Take Profit Level 1: 51.71 Take Profit Level 2: 63.19 Take Profit Level 3: Open
Analyzing the options chain and the chart patterns of DVN Devon Energy Corporation prior to the earnings report this week, I would consider purchasing the 47usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $3.25. If these options prove to be profitable prior to the earnings release, I would sell at least half of...
Devon Energy Corporation ( NYSE:DVN ) Sector: Energy Minerals (Oil & Gas Production) Market Capitalization: 34.114B Current Price: $50.39 Breakout price: $51.30 Buy Zone (Top/Bottom Range): $47.80-$44.40 Price Target: $56.20-$57.60 Estimated Duration to Target: 74-77d Contract of Interest: $DVN 4/14/22 55c Trade price as of publish date: $3.10/contract
Hi, another idea from the stock market. Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 3,942 gross wells. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City,...
DVN stock is showing a bearish performance lately after breaking out a bearish formation (bearish symmetrical triangle) on the daily timeframe, yet the breakout is not confirmed. With the technical indicators supporting the breakout confirmation, prices may fall hitting $25.70 and $24.15 consecutively.