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 $105.00 long call offers a potential 16.82% return on risk over the next 33 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 $1.08 would be kept by the premium seller. The risk of $6.42 would be incurred if the stock rose above the $105.00 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 36.05 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
Russia's government approves Rosneft investments
Tue, 16 Sep 2014 06:27:34 GMT
Russia's government approves Rosneft investments
Tue, 16 Sep 2014 06:27:34 GMT
A strange coincidence may mean lower prices for energy stocks
Tue, 16 Sep 2014 02:50:02 GMT
Talking Numbers – http://l.yimg.com/hv/api/res/1.2/tsEKl7hqpmPwZwgpQFM5JQ–/YXBwaWQ9eWZpbmFuY2U7aD0zMTt3PTQy/http://l.yimg.com/os/en-US/video/video.pd2upload.com/video.tncnbc.com@979cca3d-b691-3ce7-bd33-faf68fb9cfa7_FULL.jpg
BP Alaska plans layoffs following Hilcorp sale
Tue, 16 Sep 2014 00:43:31 GMT
At least 150 companies prep for carbon prices
Mon, 15 Sep 2014 22:10:32 GMT
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