Exxon (XOM) Offering Possible 53.37% Return Over the Next 22 Calendar Days

Exxon's most recent trend suggests a bearish bias. One trading opportunity on Exxon is a Bear Call Spread using a strike $80.50 short call and a strike $85.50 long call offers a potential 53.37% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $80.50 by expiration. The full premium credit of $1.74 would be kept by the premium seller. The risk of $3.26 would be incurred if the stock rose above the $85.50 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 21.19 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

Exxon, Ben & Jerry's among buyers of $256 million in political ads on Facebook
Wed, 24 Oct 2018 00:18:21 +0000
Little data is typically published on specific companies' online ad spending, but Facebook's increased transparency about political activity on its service has opened a trove of details ahead of elections on Nov. 6. The social media network showed that $256.4 million was spent on political ads since May. Alphabet Inc's Google and Twitter Inc have introduced similar databases.

The World’s Next Offshore Oil Hotspot
Tue, 23 Oct 2018 22:00:00 +0000
After a slew of meaningful exploration successes, the tiny country of Guyana is set to produce its first ever oil in 2020

U.S. Oil Prices Dive Below Key Average For First Time In A Year
Tue, 23 Oct 2018 20:32:39 +0000
Oil prices and oil stocks fell on Tuesday, with crude losing support at a key support level, after Saudi Arabia signaled it would not restrict oil output

Exclusive: Exxon, Rosneft to build LNG plant with Japanese, Indian partners – sources
Tue, 23 Oct 2018 13:04:37 +0000
Russia's Rosneft and U.S. ExxonMobil plan to build a liquefied natural gas (LNG) plant in a consortium with Indian and Japanese partners, spreading the estimated $15 billion cost, two sources familiar with the talks said. The four companies – Rosneft, Exxon, Japan's SODECO and India's ONGC Videsh – are partners in the Sakhalin-1 group of fields that will supply the gas, but Exxon and Rosneft had initially planned to build the LNG plant without the other consortium members.

What’s the Forecast for XOM’s Price ahead of Its Q3 Earnings?
Tue, 23 Oct 2018 13:01:00 +0000
In this article, we’ll look at ExxonMobil’s (XOM) stock price forecast range based on its implied volatility for the 16-day period leading up to its earnings release. 

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