Exxon’s most recent trend suggests a bullish bias. One trading opportunity on Exxon is a Bull Put Spread using a strike $91.00 short put and a strike $86.00 long put offers a potential 6.61% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $91.00 by expiration. The full premium credit of $0.31 would be kept by the premium seller. The risk of $4.69 would be incurred if the stock dropped below the $86.00 long put 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 below 20 which suggests that the stock is in oversold territory.
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
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Thu, 07 Nov 2013 21:58:26 GMT
The New Yorker – Twitter’s stock surged Thursday. But as anyone who follows technology knows, what goes up can also go down. And not all signs are good for Twitter. The company’s valuation, as John Cassidy pointed out …
Sheikh’s Debt Deal for Exxon LNG Stake May Prompt Offers: Energy
Thu, 07 Nov 2013 21:40:05 GMT
Bloomberg – A convertible debt deal struck during the 2008 financial crisis led by billionaire Sheikh Mansour bin Zayed Al Nahyan of Abu Dhabi is set to trigger a contest for a slice of a $19 billion natural gas project….
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Thu, 07 Nov 2013 18:35:04 GMT
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Exxon, BP Among Explorers Urged to Disclose More Fracking Data
Thu, 07 Nov 2013 18:30:00 GMT
Bloomberg – North American shale explorers led by Exxon Mobil Corp. and BP Plc are failing to disclose enough data on how they’re reducing risks associated with hydraulic fracturing, according to a study.
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