Exxon's most recent trend suggests a bullish bias. One trading opportunity on Exxon is a Bull Put Spread using a strike $92.50 short put and a strike $87.50 long put offers a potential 19.62% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $92.50 by expiration. The full premium credit of $0.82 would be kept by the premium seller. The risk of $4.18 would be incurred if the stock dropped below the $87.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Exxon is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Exxon is bullish.
The RSI indicator is at 49.88 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
Petrom, ExxonMobil start drilling third deepwater well in Romania
Mon, 27 Oct 2014 06:47:41 GMT
Yamada: These charts spell trouble for crude
Mon, 27 Oct 2014 01:43:09 GMT
Talking Numbers – http://l.yimg.com/hv/api/res/1.2/x_Xh3b6IR6R3opGf96g5yQ–/YXBwaWQ9eWZpbmFuY2U7aD0zMTt3PTQy/http://l.yimg.com/os/en-US/video/video.pd2upload.com/video.tncnbc.com@f5adac33-2a32-3ef4-a6f8-8177afa02749_FULL.jpg
Energy, health care earnings to dominate week
Sun, 26 Oct 2014 09:02:33 GMT
Is It Time To Break Up Berkshire Hathaway?
Sat, 25 Oct 2014 17:00:02 GMT
Get ready for a week full of earnings reports
Sat, 25 Oct 2014 12:30:09 GMT
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