ONEOK (OKE) Offering Possible 9.89% Return Over the Next 6 Calendar Days

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ONEOK’s most recent trend suggests a bearish bias. One trading opportunity on ONEOK is a Bear Call Spread using a strike $65.00 short call and a strike $70.00 long call offers a potential 9.89% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $65.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock rose above the $70.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for ONEOK 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 ONEOK is bearish.

The RSI indicator is at 36.75 level which suggests that the stock is neither overbought nor oversold at this time.

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Celebrations may be in order for ONEOK, Inc. ( NYSE:OKE ) shareholders, with the analysts delivering a significant…

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Mon, 09 May 2022 20:15:00 +0000
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Here is Why Growth Investors Should Buy Oneok (OKE) Now
Thu, 05 May 2022 16:45:04 +0000
Oneok (OKE) possesses solid growth attributes, which could help it handily outperform the market.

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