Exxon's most recent trend suggests a bearish bias. One trading opportunity on Exxon is a Bear Call Spread using a strike $80.00 short call and a strike $85.00 long call offers a potential 14.94% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $80.00 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock rose above the $85.00 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 42.4 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
Probe: Exxon deficiencies found in California refinery blast
Thu, 14 Jan 2016 11:01:42 GMT
Why Exxon Rose and Netflix Fell in Stock Market ‘Correction’
Thu, 14 Jan 2016 00:02:06 GMT
Federal agency cites Exxon Mobil for safety and lack of responsiveness in Torrance
Wed, 13 Jan 2016 22:35:00 GMT
Dow industrials, S&P 500 sink to 3-month low
Wed, 13 Jan 2016 21:49:19 GMT
Big Oil: Still Relevant After All These Tears?
Wed, 13 Jan 2016 20:56:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook