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 7.99% return on risk over the next 31 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 $0.37 would be kept by the premium seller. The risk of $4.63 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 45.3 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Exxon
Crude Oil Prices on the Rise, Holding Above $100 a Barrel
Wed, 19 Feb 2014 16:39:00 GMT
Chevron's ‘pizza and soda' apology turns tragedy into farce
Wed, 19 Feb 2014 15:05:30 GMT
Delamaide: Bank boards shower CEOs with millions
Wed, 19 Feb 2014 13:28:15 GMT
Keystone Represents A Possible Game Changing Event For Economy And Markets
Tue, 18 Feb 2014 14:01:48 GMT
ExxonMobil Awards First Commercial License for InteliRed Remote Gas Detection System to Providence Photonics
Mon, 17 Feb 2014 16:00:00 GMT
Business Wire – ExxonMobil Upstream Research Company has awarded the first commercial license for its innovative InteliRed™ remote gas detection system to co-developer Providence Photonics, LLC.
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