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 14.42% return on risk over the next 19 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 $0.63 would be kept by the premium seller. The risk of $4.37 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 35.32 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Exxon
Energy Markets Are Attempting Another Rebound
Tue, 30 Sep 2014 06:32:00 GMT
A U-Turn for a Terminal Built in Texas to Import Natural Gas
Tue, 30 Sep 2014 00:36:51 GMT
Rosneft Uses Billion-Barrel Exxon Leverage on U.S.
Mon, 29 Sep 2014 13:31:48 GMT
Why Exxon Mobil (XOM) Stock Is Lower Today
Mon, 29 Sep 2014 12:07:00 GMT
Russia, EU to continue Ukraine gas talks this week-energy minister
Mon, 29 Sep 2014 12:01:02 GMT
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