The Earnings of Devon Energy Corporation started to climb from December 2016 and between August and but only in September of 2017 the stock price started to show a recognizable trending behavior, All this added to a rising Crude Oil Futures is a good argument for add this stock to a portfolio.
Another good quality of this stock is your high beta coefficient (2.65)...
The rising wedge was confirmed when it changed $31-59 into a support.
A higher low was also now confirmed at $33-90.
The target of the wedge should it play out is around the 40 week moving average, waiting at $38-36.
Technically the share will warn again when $29-54 changes into a resistance.
Stop loss: $29-54