Exxon (XOM) Offering Possible 12.61% 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 $77.50 short call and a strike $82.50 long call offers a potential 12.61% 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 $77.50 by expiration. The full premium credit of $0.56 would be kept by the premium seller. The risk of $4.44 would be incurred if the stock rose above the $82.50 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 40.57 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

Shell to sell West Qurna 1 oilfield stake to Japan's Itochu for $406 million
Fri, 23 Mar 2018 08:22:47 +0000
(Reuters) – Oil major Royal Dutch Shell (RDSa.L) on Friday agreed to sell its entire stake in Iraq's West Qurna 1 oilfield to Japan's Itochu Corp for $406 million (287.56 million pounds). The deal comes …

Hurricane Harvey's toxic impact deeper than public told
Thu, 22 Mar 2018 20:18:19 +0000
A toxic onslaught from the nation's petrochemical hub was largely overshadowed by the record-shattering deluge of Hurricane Harvey as residents and first responders struggled to save lives and property. …

ExxonMobil Corporation Is Playing the Long Game for a Bigger Win
Thu, 22 Mar 2018 16:33:00 +0000
The oil titan's turnaround plan will take time to execute.

Is BP Looking Forward to a Better Liquidity Scenario?
Thu, 22 Mar 2018 12:04:54 +0000
BP’s (BP) cash flow from operations rose 77% YoY (year-over-year) to $18.9 billion in 2017. BP’s cash outflow from investing stood at $14.1 billion in 2017—compared to $14.8 billion in investing outflows in 2016. The company’s cash outflow from financing in 2017 was almost the same as $2.8 billion in 2016.

BP: Why Wall Street Analysts Have Mixed Opinions
Thu, 22 Mar 2018 12:04:50 +0000
BP Marching on Growth Path with Robust Upstream Portfolio

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