Exxon (XOM) Offering Possible 11.36% Return Over the Next 23 Calendar Days

Exxon's most recent trend suggests a bearish bias. One trading opportunity on Exxon is a Bear Call Spread using a strike $85.00 short call and a strike $90.00 long call offers a potential 11.36% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $85.00 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 $90.00 long call 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 down which suggests that the medium-term momentum for Exxon is bearish.

The RSI indicator is at 23.32 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

Maritime Regulator Faces Growing Calls for a Gradual Rollout of Clean-Fuel Rules
Tue, 23 Oct 2018 00:52:55 +0000
International maritime regulators begin a new round of meetings on antipollution efforts this week under pressure from the U.S. and other nations to soften implementation of new rules that could cost the industry billions of dollars and lead to higher prices for businesses and consumers. The Trump administration raised the heat on the International Maritime Organization rules last week, saying it wants to ease the rollout because of the impact it may have on the economy and energy markets. A White House spokesman said the administration wants to phase in implementation to allow “experience building” that would lead to better understanding of the availability of cleaner fuels and their impact on ship operations.

Big Oil Walking A Tightrope As Prices Rise
Mon, 22 Oct 2018 23:00:00 +0000
While oil prices have seen a remarkable recovery in the last year, investor confidence will remain shaky while oil price volatility is high

Russia Discusses Big Projects With Exxon As New Sanctions Loom
Mon, 22 Oct 2018 22:00:00 +0000
ExxonMobil is discussing new oil and gas projects with Russia’s largest oil company Rosneft, ahead of a potential new round of sanctions

ExxonMobil’s Q3 2018 Segmental Outlook: A Pre-Earnings Review
Mon, 22 Oct 2018 17:30:11 +0000
Will ExxonMobil’s Q3 Earnings Surpass Wall Street’s Estimates? Before we proceed with ExxonMobil’s (XOM) third-quarter segmental outlook, let’s have a look at its second-quarter segmental performance. ExxonMobil’s adjusted upstream earnings increased from $1.2 billion in the second quarter of 2017 to $3.0 billion in the second quarter of 2018.

The Saudi ‘oil weapon' and the energy market: What investors need to know
Mon, 22 Oct 2018 14:37:00 +0000
Crude oil prices are up $25 a barrel this year, due in part to concern over a decline in Iranian exports resulting from looming U.S. sanctions. U.S.–Saudi tensions over the disappearance of Saudi journalist Jamal Khashoggi add a layer of geopolitical risk. Oil fell to $80 late last week after U.S. crude stocks increased by 6.5 million barrels in the previous week.

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