Exxon's most recent trend suggests a bearish bias. One trading opportunity on Exxon is a Bear Call Spread using a strike $85.00 short call and a strike $90.00 long call offers a potential 19.33% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $85.00 by expiration. The full premium credit of $0.81 would be kept by the premium seller. The risk of $4.19 would be incurred if the stock rose above the $90.00 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 below 20 which suggests that the stock is in oversold territory.
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
Exxon, Shell's spending patterns may help them through oil price drop
Wed, 11 Mar 2015 07:33:57 GMT
Christie calls $225M Exxon Mobil settlement ‘really good'
Wed, 11 Mar 2015 00:48:21 GMT
Christie calls $225M Exxon Mobil settlement ‘really good'
Wed, 11 Mar 2015 00:48:21 GMT
MIT's New Consortium Wants to Help CISOs Better Manage Security
Wed, 11 Mar 2015 00:24:43 GMT
The ugly: Where is inflation when you need it?
Tue, 10 Mar 2015 23:05:56 GMT
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