Exxon (XOM) Offering Possible 11.34% Return Over the Next 9 Calendar Days

Exxon's most recent trend suggests a bearish bias. One trading opportunity on Exxon is a Bear Call Spread using a strike $97.50 short call and a strike $103.00 long call offers a potential 11.34% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $97.50 by expiration. The full premium credit of $0.56 would be kept by the premium seller. The risk of $4.94 would be incurred if the stock rose above the $103.00 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 36.09 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

[$$] Sanctions Over Ukraine Put Exxon at Risk
Fri, 12 Sep 2014 05:14:47 GMT
The Wall Street Journal – Sanctions against Russia put Exxon in the middle of U.S. foreign policy and threaten to hurt one of the company's best chances to find much needed amounts of crude oil.

PRESS DIGEST- British Business – Sept 12
Thu, 11 Sep 2014 23:57:57 GMT
Reuters – Sept 12 – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times NORTH KOREA COMES OUT FOR …

Stocks End Mixed; Ulta Beauty Soars After Hours
Thu, 11 Sep 2014 21:00:00 GMT

Crude hits 16-month low, bounces back
Thu, 11 Sep 2014 21:00:00 GMT

Russia faces new U.S., EU sanctions over Ukraine crisis
Thu, 11 Sep 2014 19:53:25 GMT
Reuters – UK Focus – * Russia says it will respond to the new EU sanctions (Recasts with U.S. BRUSSELS/WASHINGTON, Sept 11 (Reuters) – European Union governments agreed on Thursday to begin their new sanctions against Russia over the Ukraine crisis on Friday but could lift them next month if Moscow abides by a fragile truce, while the United States prepared its own fresh sanctions. The steps are the latest by the United States and the EU following Russia's annexation of Crimea in March and what the West sees as an effort since then to further destabilize Ukraine by backing pro-Russian separatists with troops and arms. President Barack Obama said he will provide details on the new U.S.

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