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 6.61% return on risk over the next 8 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 $0.31 would be kept by the premium seller. The risk of $4.69 would be incurred if the stock dropped below the $87.50 long put 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 below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for Exxon
Is Exxon Mobil Finally Ready for a Big Breakout?
Mon, 11 Nov 2013 15:05:44 GMT
ExxonMobil's and BP's Latest LNG Plans
Mon, 11 Nov 2013 14:39:56 GMT
Motley Fool – The Asian LNG market is heating up, and ExxonMobil and BP are upping their plans in Russia.
ExxonMobil: A Little Better All the Time
Mon, 11 Nov 2013 14:37:00 GMT
Barrons.com – ExxonMobil (XOM) has done little but disappoint investors so far this year. Argus Research, however, thinks the tide is about to turn. Shares of ExxonMobil has returned just 10% this year including reinvested dividends, lagging well behind the S&P 500's 26% return, and lagging the likes of Chevron (CVX), ConocoPhillips (COP) and BP (BP). Argus Research analyst John Gelcius upgraded the stock to Buy from Hold today.
The Cure to Costly Climate Change Is…Contraception?
Mon, 11 Nov 2013 13:31:18 GMT
The Daily Ticker – http://d.yimg.com/hd/yahoofinance/lotus/1384176401606_915_21yNs0oVDhbf1_1_0.jpg?s=2ecdebf639a47913786cc075443530b5&c=420aee71f89571e53b3fba8222c967b9&a=yahoofinance&mr=0
Kashagan oil field won't restart output until 2014, WSJ reports
Mon, 11 Nov 2013 12:25:38 GMT
theflyonthewall.com – Oil production at Kazakhstan's enormous Kashagan field, that was stopped in mid-October due to a dangerous gas leak, won't resume before next year, sources say, reports the Wall Street Journal. NCOC, the …
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