Exxon (XOM) Offering Possible 5.04% Return Over the Next 9 Calendar Days

Exxon's most recent trend suggests a bearish bias. One trading opportunity on Exxon is a Bear Call Spread using a strike $100.00 short call and a strike $105.00 long call offers a potential 5.04% 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 $100.00 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock rose above the $105.00 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 at 34.25 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

Militant advance disrupts oil production in Iraqi Kurdistan
Fri, 08 Aug 2014 10:50:45 GMT

Exxon Drilling Russian Arctic Shows Sanction Lack Bite
Fri, 08 Aug 2014 10:03:20 GMT

Exxon to Start Exploration Well in Russian Arctic Sea Tomorrow
Fri, 08 Aug 2014 09:16:38 GMT

UPDATE 2-Iraqi Kurdistan-focused oil shares hit by IS advance
Thu, 07 Aug 2014 18:04:31 GMT

Norway's Statoil comes up dry at Arctic wells
Thu, 07 Aug 2014 16:42:03 GMT

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