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 14.94% return on risk over the next 8 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 $0.65 would be kept by the premium seller. The risk of $4.35 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 34.11 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Exxon
Indonesia expects output from Exxon Mobil's Cepu block to peak in July/Aug 2015
Mon, 15 Sep 2014 04:56:02 GMT
Reuters – Indonesia expects crude output from Exxon Mobil Corp's Cepu oil block to peak in July or August next year, an official from the country's oil and gas regulator said on Monday. The Banyu Urip field, part of the Cepu block near Surabaya in East Java, is expected to produce on average 119,000 barrels per day (bpd) next year. “It will reach a peak in the third quarter, or beginning in July or August, at 165,000 bpd,” said Johanes Widjonarko, head of the regulator, SKKMigas. Exxon is developing the Banyu Urip field along with state energy firm Pertamina.
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