Exxon (XOM) Offering Possible 10.38% Return Over the Next 27 Calendar Days

Exxon's most recent trend suggests a bearish bias. One trading opportunity on Exxon is a Bear Call Spread using a strike $85.00 short call and a strike $90.00 long call offers a potential 10.38% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $85.00 by expiration. The full premium credit of $0.47 would be kept by the premium seller. The risk of $4.53 would be incurred if the stock rose above the $90.00 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 50.3 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

Papua New Guinea gas project signs supply deal with PetroChina
Thu, 19 Jul 2018 23:35:10 +0000
The ExxonMobil-operated Papua New Guinea gas project has agreed a deal to supply liquified natural gas (LNG) to PetroChina Co Ltd, Australia's Oil Search Ltd, a partner in the project, said on Friday. The three-year deal is for the supply of about 0.45 million tonnes of LNG a year to PetroChina International (Hong Kong) Corp Ltd (PCI), Oil Search said in a statement.

[$$] Judge Dismisses New York City's Suit Against Oil Companies
Thu, 19 Jul 2018 22:40:37 +0000
A federal judge in Manhattan dismissed New York City’s lawsuit against five major oil companies Thursday, ruling that climate change and its effects are global issues that extend beyond the court’s reach. Lawsuits filed by the cities of Oakland and San Francisco against the same five companies, which also sought relief for the costs of addressing climate change, was tossed last month.

Judge throws out New York City's climate change lawsuit against 5 major oil companies
Thu, 19 Jul 2018 20:47:00 +0000
A federal judge dismissed New York's lawsuit against five big oil and gas companies for their role in climate change. New York argued the companies should compensate the city for the cost of mitigating the effects of global warming. U.S. District Court Judge John F. Keenan ruled that problems associated with climate change should be tackled by Congress and the executive branch.

Analysts’ Views on ExxonMobil, Pre-Q2 Earnings Release
Thu, 19 Jul 2018 14:31:05 +0000
Let’s now look at analysts’ ratings for ExxonMobil (XOM), which is set to release its second-quarter results on July 27. Of the 21 analysts covering XOM, seven (33%) recommend “buy” or “strong buy,” 12 (57%) recommend “hold,” and two (10%) recommend “sell” or “strong sell.”

Forecasting ExxonMobil’s Stock Price Up until Its Q2 Release
Thu, 19 Jul 2018 13:01:08 +0000
In this part, we’ll forecast ExxonMobil’s (XOM) stock price based on its implied volatility up until its earnings release, which is slated for July 27. While ExxonMobil’s implied volatility has risen by 1.3 percentage points in the past month to 17.3%, its stock price has risen 2.2%.

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