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 11.11% return on risk over the next 11 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 $0.50 would be kept by the premium seller. The risk of $4.50 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 23.49 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
Exxon Mobil New Zealand Unit Not Liable for Clean Up
Tue, 11 Feb 2014 23:00:04 GMT
An essential guide to Exxon Mobil: XOM’s major areas of operation
Tue, 11 Feb 2014 21:23:07 GMT
Exxon Baton Rouge Plant Said to Shut Hydrocracker Next Week
Tue, 11 Feb 2014 20:25:48 GMT
WEX CEO: “Virtual Cards” Will Power Real Growth in 2014
Tue, 11 Feb 2014 20:14:00 GMT
Exxon Mobil: An investor’s essential guide to the company
Tue, 11 Feb 2014 17:22:09 GMT
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