Exxon (XOM) Offering Possible 5.93% Return Over the Next 12 Calendar Days

Exxon's most recent trend suggests a bearish bias. One trading opportunity on Exxon is a Bear Call Spread using a strike $102.00 short call and a strike $107.00 long call offers a potential 5.93% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $102.00 by expiration. The full premium credit of $0.28 would be kept by the premium seller. The risk of $4.72 would be incurred if the stock rose above the $107.00 long call strike price.

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

The RSI indicator is at 41.93 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Exxon

This ‘safe' sector may be anything but
Tue, 05 Aug 2014 04:06:00 GMT
Talking Numbers – http://l.yimg.com/hv/api/res/1.2/ybzc6aJI_JTZQF7JUkFFxA–/YXBwaWQ9eWZpbmFuY2U7aD0zMTt3PTQy/http://l.yimg.com/os/en-US/video/video.pd2upload.com/video.tncnbc.com@778f5457-3630-3758-ba45-4adc7686c567_FULL.jpg

COLUMN-EU energy restrictions on Russia are mostly “sanctions theatre”: Kemp
Tue, 05 Aug 2014 03:00:00 GMT
Reuters – UK Focus – EU sanctions on Russia's oil sector will not seriously hamper the development of new oil resources in either the short or the long term, though they leave open the possibility of further escalation if relations with Russia deteriorate in future. Taken as a whole, the restrictions announced on July 31 are best viewed as a piece of “sanctions theatre” designed to show the public and Washington that the EU is doing something in response to the downing of the Malaysian airliner over eastern Ukraine while keeping the costs to EU energy firms as low as possible. Sanctions will be enforced in the form of a “prior authorisation” requirement before certain oil-related goods and services can be exported for use in Russia, according to the EU Official Journal (“Council Regulation 833/2014 concerning restrictive measures in view of Russia's actions destabilising the situation in Ukraine” July 31). Restrictions apply to the “sale, supply, transfer or export” of certain technologies “suited to the oil industry for use in deep water exploration and production, Arctic oil exploration and production, or shale oil projects” (Article 3 paragraphs 1 and 3).

Here's why crude oil could get even cheaper
Mon, 04 Aug 2014 19:53:02 GMT
Talking Numbers – http://l.yimg.com/hv/api/res/1.2/uMz7t0FL4acQRNzdeTkNkQ–/YXBwaWQ9eWZpbmFuY2U7aD0zMTt3PTQy/http://l.yimg.com/os/en-US/video/video.pd2upload.com/video.tncnbc.com@db9b9f79-7d65-3fe2-b99b-1d6a0938cb02_FULL.jpg

Why Exxon Is a Better Value Than Chevron After Earnings
Mon, 04 Aug 2014 17:55:05 GMT

Energy ETFs in Focus on Big Oil Q2 Beat, Lower Production
Mon, 04 Aug 2014 13:33:15 GMT

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