Exxon's most recent trend suggests a bearish bias. One trading opportunity on Exxon is a Bear Call Spread using a strike $58.00 short call and a strike $63.00 long call offers a potential 26.26% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $58.00 by expiration. The full premium credit of $1.04 would be kept by the premium seller. The risk of $3.96 would be incurred if the stock rose above the $63.00 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 26.66 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Exxon
China's Guangdong starts building $1 bln Huizhou gas terminal
Mon, 26 Jul 2021 07:13:01 +0000
China has begun building a $1 billion natural gas import and storage base in the southern coastal province of Guangdong, a project in which U.S. energy major ExxonMobil is advancing discussion with partners for a joint investment. ExxonMobil entered in September 2018 a preliminary deal with Guangdong province to invest billions of dollars worth of projects in the manufacturing hub, including a petrochemical complex and an LNG terminal in Huizhou. “ExxonMobil is progressing project discussions with potential partners,” a Beijing-based company representative said, without giving further details.
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