Exxon's most recent trend suggests a bullish bias. One trading opportunity on Exxon is a Bull Put Spread using a strike $92.50 short put and a strike $87.50 long put offers a potential 5.93% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $92.50 by expiration. The full premium credit of $0.28 would be kept by the premium seller. The risk of $4.72 would be incurred if the stock dropped below the $87.50 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 79.81 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Exxon
Ukraine's Economy Hangs on Investments From Exxon to Shell
Tue, 25 Feb 2014 20:14:06 GMT
Ukraine Economy Hangs on Investments From Exxon to Shell
Tue, 25 Feb 2014 13:55:55 GMT
MOL sees crude output declining in 2014
Tue, 25 Feb 2014 07:55:59 GMT
Mississippi Barge Oil Spill Highlights Risk of U.S. Oil Boom
Tue, 25 Feb 2014 05:01:03 GMT
Why BP plc Is Poised to Outperform Its Peers in 2014
Tue, 25 Feb 2014 00:01:57 GMT
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