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 26.58% return on risk over the next 25 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 $1.05 would be kept by the premium seller. The risk of $3.95 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 52.06 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
How the Dow Jones industrial average fared Tuesday
Tue, 28 Oct 2014 21:17:53 GMT
You won't believe how much this stock yields
Tue, 28 Oct 2014 20:16:49 GMT
Talking Numbers – http://l.yimg.com/hv/api/res/1.2/98Z4FPHhmIxWeD0JXYrzZg–/YXBwaWQ9eWZpbmFuY2U7aD0zMTt3PTQy/http://l.yimg.com/os/en-US/video/video.pd2upload.com/video.tncnbc.com@f4cb07aa-6c9c-346d-a355-250919efcd80_FULL.jpg
BP Beats Despite Sanctions And Falling Oil Prices
Tue, 28 Oct 2014 17:14:00 GMT
What to expect from Exxon Mobil earnings
Tue, 28 Oct 2014 14:25:10 GMT
Asian stocks muted after US, Europe declines
Tue, 28 Oct 2014 03:50:56 GMT
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