Exxon's most recent trend suggests a bullish bias. One trading opportunity on Exxon is a Bull Put Spread using a strike $72.50 short put and a strike $67.50 long put offers a potential 40.45% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $72.50 by expiration. The full premium credit of $1.44 would be kept by the premium seller. The risk of $3.56 would be incurred if the stock dropped below the $67.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Exxon is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Exxon is bullish.
The RSI indicator is at 37.45 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
After Iran Deal, Will U.S. Lift Oil Embargo On Texas?
Wed, 02 Sep 2015 20:11:00 GMT
Shell, Exxon Must Pay Groningen Quake Compensation
Wed, 02 Sep 2015 16:17:48 GMT
Crude Oil Price Plunges After Huge Inventory Increase
Wed, 02 Sep 2015 15:05:20 GMT
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More downside ahead for oil will make oil stocks a buy: Analyst
Wed, 02 Sep 2015 12:12:46 GMT
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