Exxon's most recent trend suggests a bearish bias. One trading opportunity on Exxon is a Bear Call Spread using a strike $95.00 short call and a strike $100.00 long call offers a potential 15.47% 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 $95.00 by expiration. The full premium credit of $0.67 would be kept by the premium seller. The risk of $4.33 would be incurred if the stock rose above the $100.00 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 23.26 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Exxon
[$$] Exxon Mobil Profit Falls on Lower Production
Fri, 31 Jan 2014 03:53:16 GMT
The Wall Street Journal – Exxon Mobil said its fourth-quarter earnings fell 16% on lower production and weaker refining margins.
Does Dow have much further to fall?
Thu, 30 Jan 2014 23:24:53 GMT
CNBC – With the Dow surging by triple digits on Thursday after falling for over a week, investors are wondering if the worst of the recent decline is over.
Will Recent News Hurt Exxon Mobil?
Thu, 30 Jan 2014 22:53:15 GMT
Wall St. Cheat Sheet – Exxon Mobil stock has been surging higher in recent quarters, but is currently pulling back.
CLOSING BELL: Facebook and Under Armour hit 52-week highs on earnings; mixed results for Dow Jones components XOM, MMM, V
Thu, 30 Jan 2014 20:57:48 GMT
8:13 am Exxon Mobil misses by $0.01, misses on revs
Thu, 30 Jan 2014 20:57:36 GMT
Briefing.com – 8:13 am Exxon Mobil misses by $0.01, misses on revs
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