Exxon's most recent trend suggests a bearish bias. One trading opportunity on Exxon is a Bear Call Spread using a strike $96.00 short call and a strike $101.00 long call offers a potential 12.11% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $96.00 by expiration. The full premium credit of $0.54 would be kept by the premium seller. The risk of $4.46 would be incurred if the stock rose above the $101.00 long call 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 at 36.03 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Exxon
Exxon fracking report responds to shareholders
Tue, 30 Sep 2014 22:30:48 GMT
Exxon fracking report responds to shareholders
Tue, 30 Sep 2014 22:30:21 GMT
Deal-Dynamics: Why the asset swap deals with Exxon beneficial for LINN Energy?
Tue, 30 Sep 2014 21:00:25 GMT
S&P 500 and Nasdaq Post Q3 Win Despite Stocks Closing in the Red
Tue, 30 Sep 2014 20:38:30 GMT
ExxonMobil Details Risk Management Practices for Unconventional Resources Development
Tue, 30 Sep 2014 20:30:00 GMT
Business Wire – ExxonMobil today released a report that outlines for shareholders how the company assesses and manages risks associated with developing unconventional resources, including through
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