Exxon's most recent trend suggests a bearish bias. One trading opportunity on Exxon is a Bear Call Spread using a strike $97.50 short call and a strike $105.00 long call offers a potential 13.81% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $97.50 by expiration. The full premium credit of $0.91 would be kept by the premium seller. The risk of $6.59 would be incurred if the stock rose above the $105.00 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 71.17 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
Does Coal Have a Future?
Sun, 06 Apr 2014 14:51:58 GMT
It's a Marathon Not a Sprint for This Under-the-Radar Energy Company
Fri, 04 Apr 2014 15:37:56 GMT
ExxonMobil and Employees Donate more than $44 Million to U.S. Colleges and Universities
Fri, 04 Apr 2014 15:30:00 GMT
Business Wire – ExxonMobil and its employees are donating $44.2 million to higher education institutions across the country as part of the ExxonMobil Foundation’s 2013 Educational Matching Gift Pr
ExxonMobil and Employees Donate $9.7 Million to Texas Colleges and Universities
Fri, 04 Apr 2014 15:30:00 GMT
Business Wire – ExxonMobil and its employees are donating $9.7 million to higher education institutions across Texas as part of the ExxonMobil Foundation’s 2013 Educational Matching Gift Program.
Bill McKibben, Exxon And The Economics Of Climate Change
Fri, 04 Apr 2014 15:21:00 GMT
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