Exxon (XOM) Offering Possible 21.36% Return Over the Next 20 Calendar Days

Exxon’s most recent trend suggests a bullish bias. One trading opportunity on Exxon is a Bull Put Spread using a strike $81.00 short put and a strike $76.00 long put offers a potential 21.36% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $81.00 by expiration. The full premium credit of $0.88 would be kept by the premium seller. The risk of $4.12 would be incurred if the stock dropped below the $76.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Exxon is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Exxon is bullish.

The RSI indicator is at 42.27 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

Power restored, production resumes at PNG’s Porgera gold mine after Feb quake
Fri, 29 Jun 2018 02:59:39 +0000
Mining has resumed and power has been restored at the Porgera gold mine in Papua New Guinea’s remote highlands run by Barrick Gold Co, four months after an earthquake disrupted production, the mine’s operator said. “The mine has resumed full operations and power has been restored,” Barrick (Niugini) Ltd, which operates the mine on behalf of co-owners Barrick and China’s Zijin Mining Group Co Ltd, said in a statement. A deadly earthquake struck Papua New Guinea’s remote highlands on Feb. 26, killing 100 people and knocking out the power plant that supplied the Porgera mine, which is some 600 km (370 miles) northwest of the country’s capital, Port Moresby.

3 Risks Big Oil Stocks Face Amid Trade War Worries
Thu, 28 Jun 2018 16:23:30 +0000
Crude prices are rising and exploration opportunities look solid. Regulatory pressure in the U.S. has been lightened by the Trump Administration. Clearly, investors in big oil stocks seem at least modestly concerned about the potential for a trade war.

[$$] Exxon Mobil Is First Among Energy Companies in Management Top 250
Thu, 28 Jun 2018 15:21:36 +0000
Corp. near the top of the Management Top 250 ranking, but most energy companies were held back by lagging scores on customer satisfaction and financial performance. Exxon Mobil, No. 18 overall on the list, had among the highest scores in the ranking’s innovation component, which is based on factors such as research-and-development spending and statistics on patents.

An Unlikely Shale Frontier
Thu, 28 Jun 2018 14:30:00 +0000
Algeria is aiming to attract big oil companies such as ExxonMobil and Chevron to its shale patch to develop its massive shale gas reserves

As Trump Helps Grease Skids for Higher Oil Prices, These 2 Names Should Benefit
Thu, 28 Jun 2018 14:00:00 +0000
There has been a lot of buzz in the oil markets recently as renewed efforts by the Trump administration to put economic pressure on Iran are putting bullish pressure on oil prices. Obviously a roadblock on Iranian oil exports would drive up demand for other sources, which likely would benefit U.S. oil demand and pricing in a pretty meaningful way. If prices run high enough, players such as Saudi Arabia surely will take advantage of the ability to gain market share and improve margins.

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