Exxon's most recent trend suggests a bearish bias. One trading opportunity on Exxon is a Bear Call Spread using a strike $99.00 short call and a strike $104.00 long call offers a potential 8.7% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $99.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock rose above the $104.00 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 38.44 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
Top-Yielding Dividend Funds Ahead Of The S&P 500
Tue, 09 Sep 2014 00:25:00 GMT
Stocks fall as oil price slump hits energy sector
Mon, 08 Sep 2014 20:53:59 GMT
US STOCKS-Dow, S&P 500 end lower following drop in energy shares
Mon, 08 Sep 2014 20:36:03 GMT
US STOCKS-Dow, S&P 500 end lower following drop in energy shares
Mon, 08 Sep 2014 20:36:03 GMT
Ebola spreads exponentially in Liberia, many more cases soon-WHO
Mon, 08 Sep 2014 20:03:51 GMT
Reuters – UK Focus – Liberia, the country worst hit by West Africa's Ebola epidemic, should see thousands of new cases in coming weeks as the virus spreads exponentially, the World Health Organisation said on Monday. The epidemic, …
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