Exxon's most recent trend suggests a bearish bias. One trading opportunity on Exxon is a Bear Call Spread using a strike $92.50 short call and a strike $97.50 long call offers a potential 11.36% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $92.50 by expiration. The full premium credit of $0.51 would be kept by the premium seller. The risk of $4.49 would be incurred if the stock rose above the $97.50 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 64.13 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Exxon
How the Dow Jones industrial average did Wednesday
Wed, 07 Jan 2015 21:31:35 GMT
How the Dow Jones industrial average did Wednesday
Wed, 07 Jan 2015 21:31:35 GMT
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Wed, 07 Jan 2015 15:34:00 GMT
Oil price crash costs Big Oil $200 billion
Wed, 07 Jan 2015 13:36:00 GMT
Brent Crude Falls Below $50 a Barrel
Wed, 07 Jan 2015 12:06:50 GMT
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