Exxon's most recent trend suggests a bullish bias. One trading opportunity on Exxon is a Bull Put Spread using a strike $90.00 short put and a strike $85.00 long put offers a potential 9.17% return on risk over the next 40 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $90.00 by expiration. The full premium credit of $0.42 would be kept by the premium seller. The risk of $4.58 would be incurred if the stock dropped below the $85.00 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 75.94 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Exxon
4 Energy Stock Stories Sparking Investor Chatter
Mon, 11 Nov 2013 22:59:48 GMT
Wall St. Cheat Sheet – Analysis of energy business news for investors and shareholders
Oil rigs increased, so why are they expected to decrease in 4Q13?
Mon, 11 Nov 2013 22:52:05 GMT
Market Realist – The Baker Hughes oil rig count rose last week, but it's expected to dip in 4Q13. Oil rig counts have been on a slight downward trend since mid-year.
Monday's Top Upgrades (and Downgrades)
Mon, 11 Nov 2013 20:42:08 GMT
Motley Fool – Analysts shift stance on Exxon Mobil, Republic Airways, and Ann Inc.
Exxon Receives Extension, Stock Seesaws
Mon, 11 Nov 2013 19:40:04 GMT
Zacks – ExxonMobil Corporation saw mixed investor reaction to the extension that its affiliates have received on deep-water licenses, offshore Madagascar.
Interesting January 2014 Stock Options for XOM
Mon, 11 Nov 2013 17:37:00 GMT
Forbes – Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is Exxon Mobil Corp. (NYSE: XOM). So this week we highlight one interesting put contract, and one interesting call contract, from the January 2014 expiration for XOM. The put contract our YieldBoost algorithm […]
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