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 9.65% return on risk over the next 10 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 $0.44 would be kept by the premium seller. The risk of $4.56 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 38 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
SNB Trims Holdings in Apple, Exxon, J&J, SEC Filing Shows
Thu, 07 Aug 2014 10:45:14 GMT
ExxonMobil Announces Election of David Rosenthal as Vice President and Controller and Jeffrey Woodbury as Vice President of Investor Relations and Secretary
Wed, 06 Aug 2014 20:22:50 GMT
noodls – ExxonMobil Announces Election of David Rosenthal as Vice President and Controller and Jeffrey Woodbury as Vice President of Investor Relations and Secretary
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Wed, 06 Aug 2014 19:01:29 GMT
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Chesapeake Misses Q2 Earnings Estimates, Raises Guidance
Wed, 06 Aug 2014 18:40:08 GMT
EXXON MOBIL CORP Files SEC form 8-K, Change in Directors or Principal Officers
Wed, 06 Aug 2014 16:36:24 GMT
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