COP Stock (COP) Getting Ready For Breakout, Will COP Reach $150?
The post COP Stock (COP) Getting Ready For Breakout, Will COP Reach $150? appeared on BitcoinEthereumNews.com. ConocoPhillips (NYSE: COP) COP share was trading in an uptrend and showcased a cup and handle pattern indicating bullishness on the charts. Moreover, the price broke out of the $120 trendline and is looking to extend the buying momentum and surpass the major hurdle of $130. Furthermore, the bulls are gaining traction and are willing to reach the blue sky zone near $150. COP stock price showed a gap up candlestick and has surpassed the significant moving averages witnessed the buying interest in the yesterday trading session. COP stock price is close to the major neckline of $130,which if surpassed, would stretch the rally toward $140 followed by $150. However, the options chain shows that, at the strike price of $124, there is incisiveness between the bulls and bears with a open interest of 287 hundred shares on the call side, whereas 301 hundred shares on the put side, Moreover, at the strike price of $125, there is a massive open interest of 12093 hundred shares shows a major hurdle as per the call writing data which is not easy for the bulls to crack in a single attempt. At press time, COP stock price is trading at $124.86 with an intraday gain of 3.01% showing bullishness in the yesterday trading session. Moreover, the trading volume increased by 0.89% to 5.90 Million and the market cap is $149.519 Billion. However, analysts maintained a buy rating with a yearly target price of $136.83 suggests a strong growth outlook for the upcoming sessions. ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids, and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska, Lower 48, Canada, Europe, Middle East and North Africa, Asia Pacific, and Other International. The…
The post COP Stock (COP) Getting Ready For Breakout, Will COP Reach $150? appeared on BitcoinEthereumNews.com.
ConocoPhillips (NYSE: COP) COP share was trading in an uptrend and showcased a cup and handle pattern indicating bullishness on the charts. Moreover, the price broke out of the $120 trendline and is looking to extend the buying momentum and surpass the major hurdle of $130. Furthermore, the bulls are gaining traction and are willing to reach the blue sky zone near $150. COP stock price showed a gap up candlestick and has surpassed the significant moving averages witnessed the buying interest in the yesterday trading session. COP stock price is close to the major neckline of $130,which if surpassed, would stretch the rally toward $140 followed by $150. However, the options chain shows that, at the strike price of $124, there is incisiveness between the bulls and bears with a open interest of 287 hundred shares on the call side, whereas 301 hundred shares on the put side, Moreover, at the strike price of $125, there is a massive open interest of 12093 hundred shares shows a major hurdle as per the call writing data which is not easy for the bulls to crack in a single attempt. At press time, COP stock price is trading at $124.86 with an intraday gain of 3.01% showing bullishness in the yesterday trading session. Moreover, the trading volume increased by 0.89% to 5.90 Million and the market cap is $149.519 Billion. However, analysts maintained a buy rating with a yearly target price of $136.83 suggests a strong growth outlook for the upcoming sessions. ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids, and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska, Lower 48, Canada, Europe, Middle East and North Africa, Asia Pacific, and Other International. The…
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