Exxon's most recent trend suggests a bullish bias. One trading opportunity on Exxon is a Bull Put Spread using a strike $90.00 short put and a strike $85.00 long put offers a potential 25.63% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $90.00 by expiration. The full premium credit of $1.02 would be kept by the premium seller. The risk of $3.98 would be incurred if the stock dropped below the $85.00 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 39.8 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
Total CEO de Margerie killed in Moscow as jet hits snow plough
Tue, 21 Oct 2014 07:42:10 GMT
Reuters – UK Focus – * Private jet collided with snow plough during takeoff * Insiders Boisseau and Pouyanne long seen as potential successors MOSCOW, Oct 21 (Reuters) – The chief executive of French oil major Total, Christophe de Margerie, was killed when his private jet collided with a snow plough as it was taking off from Moscow's Vnukovo airport on Monday night. De Margerie's death leaves a void at the top of one of the world's biggest listed oil firms at a difficult time for the industry as oil prices fall and state-backed competitors keep them out of some of the best oil exploration territory.
French Oil Giant Boss Dies in Moscow Executive-Jet Crash
Tue, 21 Oct 2014 02:03:51 GMT
Chesapeake Soars on Asset Sale to Southwestern Energy
Fri, 17 Oct 2014 21:20:03 GMT
Surviving Wall Street's wild ride
Fri, 17 Oct 2014 18:48:00 GMT
Surviving Wall Street's wild ride
Fri, 17 Oct 2014 18:48:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook