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DEVON ENERGY CORPDEVON ENERGY CORPDEVON ENERGY CORP

DEVON ENERGY CORP

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DVN trade ideas

Devon Energy | DVN | Long at $48Devon Energy NYSE:DVN recently expanded their share-repurchase authorization by 67% to $5 billion. Congressional House committee member Kevin Hern has also been scooping a pretty sizeable number of shares lately. On top of the 4%+ dividend and P/E of around 9x, NYSE:DVN is in a personal buy zone at $48.00. If it continues to rise, I anticipate some resistance around $56 before breaking through. Target #1 = $56.00 Target #2 = $65.00 Target #3 = $75.00
NYSE:DVNLong
by NicksAnalysis
DVN - Devon Energy Corporation - Buy Idea 10.06.2024Here we have new bullish impluse and now the price is in retracement. There is a demand zone at the beggining of the impluse. We expect the price to reach the demand zone and from there to see new bullish movement. The demand zone is from 40.50 to 43.30. We expect the price to reach the last high - around 27% movement, and from there to reach the next high - around 50% movement. If the indicators are oversold when the price is at the demand zone - it will be the perfect scenario.
NYSE:DVNLong
by kolchev959
DVN – Where’s it going?DVN is rallying and is looking strong. The RSI hasn’t been this strong since 10/21 and that lead to a rally that saw the stock double. I am skeptical that this happens again. It could be overbought here. It has a lot of overhead supply where it may meet resistance. The fact that it has recovered the 200-day SMA should attract attention of fund managers. Scenarios I see are that it could advance to the 52 area and retreat or we can see an area to the 45 area and that is probably a nice spot to go long. If DVN can clear 55 I think any retracements are buyable.
NYSE:DVNLong
by Bubbalouie
DVN - Live analysis and why we could see a reversal soonSomeone asked me for my thoughts on DVN and I thought it would be a good opportunity to do a live analysis of how I get my charts to look the way they do (messy). The further you go down in timeframe, the more algorithms you start to see and create. But here is an initial Daily bias to go on - and look to see some of these long-term selling channels broken in order to see a larger move and sustained uptrend. Happy Trading :)
NYSE:DVN
by ReigningTrades
3
One to Watch: DVN, 2/18/23One to Watch: DVN , 2/18/23 *(video coming...maybe) Potential Weekly stage 3 breakdown/ INT/LT trend reversal? Distribution since March 22': (courtesy VolumeLeaders) 15.8M @ $66.80 = $1.1B (39) 8.62M @ $74.90 = $650M (28) 10.3M @ $60.10 = $620M (53) 8.31M @ $68.50 = $570M (65) 10.1M @ $53.80 = $540M (24) (closed under spot on W basis) Is DVN a place that will see relative weakness over the next 3-6 months? Are people offsides and we're seeing the movie theatre exit on lower timeframes? Multi timeframe- st extended. inverted 5 ema, 8sma st guide, inverted 30 dma/85dema int guide. Note*- PEG to spark trend reversal? 2 earnings gaps downs in a row. Will "investors" lose faith as institutions continue to monetize inventory from much lower prices? Risk- continued stage 3 sideways action, violent undercut and reversal.
NYSE:DVNShort
by VIncentAntanucci