Exxon's most recent trend suggests a bullish bias. One trading opportunity on Exxon is a Bull Put Spread using a strike $94.00 short put and a strike $89.00 long put offers a potential 24.07% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $94.00 by expiration. The full premium credit of $0.97 would be kept by the premium seller. The risk of $4.03 would be incurred if the stock dropped below the $89.00 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 69.35 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
Why cheap oil is an incredible boon for investors
Tue, 04 Nov 2014 03:08:09 GMT
Talking Numbers – http://l.yimg.com/hv/api/res/1.2/vHYP9o.U5Iip8i9U3hbQWA–/YXBwaWQ9eWZpbmFuY2U7aD0zMTt3PTQy/http://l.yimg.com/os/en-US/video/video.pd2upload.com/video.tncnbc.com@15136cf6-7ea4-3a16-bec2-77a4a4b8625f_FULL.jpg
Exxon, Chevron Show Keeping Refineries Has More Value Than Breakup
Mon, 03 Nov 2014 18:01:00 GMT
Croatia gets six bids for Adriatic oil and gas exploration -minister
Mon, 03 Nov 2014 15:47:59 GMT
ExxonMobil to Invest in MIT Energy Initiative to Advance Energy Science and Technology Research
Mon, 03 Nov 2014 14:59:57 GMT
noodls – ExxonMobil to Invest in MIT Energy Initiative to Advance Energy Science and Technology Research
Analyst Keys in on Chevron and Exxon After Earnings, Amid $80 Oil
Mon, 03 Nov 2014 14:30:12 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook