Exxon's most recent trend suggests a bullish bias. One trading opportunity on Exxon is a Bull Put Spread using a strike $100.00 short put and a strike $95.00 long put offers a potential 5.26% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $100.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $95.00 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 77.6 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Exxon
Ask a Fool: Could Russia Sanctions Make BP a Good Value Play?
Tue, 06 May 2014 11:40:24 GMT
Gartman: Crude oil prices in trouble, prefer coal
Mon, 05 May 2014 21:40:00 GMT
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Mon, 05 May 2014 17:15:28 GMT
ConocoPhillips: Still ‘Best Of Breed'
Mon, 05 May 2014 13:37:22 GMT
Energy ETFs in Focus on Big Oil Q1 Earnings
Mon, 05 May 2014 13:17:09 GMT
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