ConocoPhillips
(COP) opened at $84.81. So far today the stock has hit a low of $81.91 and a high of $84.81. COP is now trading at $83.41, down 0.90 (-1.07%). After hitting a one-year low of $67.85 in January, the stock hit a one-year high of $95.96 in June. COP reported second-quarter earnings of $5.44 billion, or $3.50 a share, beating analysts' forecasts of $3.40 per share. However, COP shares are declining today, hurt by falling oil futures. Technical indicators for COP are bearish and steady, while S&P gives the stock a bullish 5 Stars (out of 5) Strong Buy rating. For a hedged play on this stock, consider a September bear-call spread above the $95 range. COP hasn't been above 95 since retreating from its one-year high in June, and could gain up to 14.0% before this trade loses money. [LHF- Seven Summits Strategic Investments NewsBite]