Exxon (XOM) Offering Possible 54.8% Return Over the Next 20 Calendar Days

Exxon's most recent trend suggests a bullish bias. One trading opportunity on Exxon is a Bull Put Spread using a strike $80.00 short put and a strike $75.00 long put offers a potential 54.8% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $80.00 by expiration. The full premium credit of $1.77 would be kept by the premium seller. The risk of $3.23 would be incurred if the stock dropped below the $75.00 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 79.62 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

Four Earnings Due From Hot Energy Sector, Including These 2 Dow Jones Giants
Thu, 26 Apr 2018 20:09:59 +0000
Investing Action Plan: Dow Jones giants Exxon Mobil and Chevron report first-quarter earnings Friday, along with Phillips 66 and Cabot Oil & Gas. Q1 GDP data will be released.

ConocoPhillips Crushes Earnings Views Ahead Of Exxon, Chevron Results
Thu, 26 Apr 2018 20:05:19 +0000
ConocoPhillips easily beat first-quarter profit forecasts as oil prices rose and expenses dropped, ahead of results from Exxon Mobil and Chevron.

Exxon earnings a chance to start showing some benefits from rising oil prices
Thu, 26 Apr 2018 18:48:29 +0000
Crude-oil prices are on their second straight year of gains, but investors would never know that by looking at Exxon Mobil Corp.’s share performance. Exxon (XOM) will have another shot at reversing that trend on Friday, when the oil giant is scheduled to report first-quarter earnings before the bell. Oil prices have gained nearly 13% so far this year, and advanced 12% in 2017.

Stock Draft round one picks: Bitcoin, Amazon and more
Thu, 26 Apr 2018 18:10:00 +0000
The second through eighth teams in the 2018 CNBC Stock Draft choose their top stocks. Jim Cramer of "Mad Money" and Guy Adami of "Fast Money" provide analysis.

Oil Stocks Q1 Earnings Roster for Apr 27: XOM, PSX, CVX, COG
Thu, 26 Apr 2018 17:12:05 +0000
The oil/energy sector's performance so far has lived up to the upbeat expectations for the quarter to be reported.

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