Exxon (XOM) Offering Possible 6.38% Return Over the Next 34 Calendar Days

Exxon's most recent trend suggests a bearish bias. One trading opportunity on Exxon is a Bear Call Spread using a strike $80.00 short call and a strike $85.00 long call offers a potential 6.38% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $80.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock rose above the $85.00 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 below 20 which suggests that the stock is in oversold territory.

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

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Thu, 16 May 2019 19:15:14 +0000
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Thursday Apple Rumors: Apple Ranks #3 on Fortune 500 List
Thu, 16 May 2019 18:01:16 +0000
Leading the Apple (NASDAQ:AAPL) rumor mill today is news of . Today, we'll look at that and other Apple Rumors for Thursday.Fortune 500: Apple takes the third spot on the most recent Fortune 500 list, reports Fortune. The list has tech company sitting in the third position with revenue of $265.595 billion for 2018. This has it moving up one position from where it was ranked in the previous year's list. The companies that are above it on the list are Walmart (NYSE:WMT) at 1 and Exxon Mobil (NYSE:XOM) at 2.Steam Link: Owners of iOS devices can finally download the Steam Link app, MacRumors notes. This app allows users to stream games from their computers to the mobile devices. It's been around on Android for some time now, but was delayed on iOS. This was likely due to AAPL rejecting the app over it granting access to the another store from within the app. This goes against App Store guidelines.InvestorPlace – Stock Market News, Stock Advice & Trading TipsChina Boycott: Calls for boycotting Apple goods are heating up in China, reports AppleInsider. These calls for a boycott are coming from users online that are unhappy about the trade war between the U.S. and China. The calls are on the rise after President Donald Trump increased tariffs on many Chinese goods last week. Initial calls for boycotting AAPL started back in December 2018 and are picking up steam again with the tariff increase.Check out more recent Apple Rumors or Subscribe to Apple Rumors : RSS As of this writing, William White did not hold a position in any of the aforementioned securities. Compare Brokers The post Thursday Apple Rumors: Apple Ranks 3 on Fortune 500 List appeared first on InvestorPlace.

ExxonMobil and Employees Donate More Than $1.1 Million to Illinois Colleges and Universities
Thu, 16 May 2019 15:00:00 +0000
ExxonMobil and its XTO Energy subsidiary employees, retirees, directors and surviving spouses contributed more than $314,000 to 34 Illinois colleges and universities, the company said today. The American Indian College Fund, Hispanic Scholarship Fund and United Negro College Fund are also eligible to receive donations as part of the matching gift program.

ExxonMobil and Employees Donate $1.1 Million to New Jersey Colleges and Universities
Thu, 16 May 2019 15:00:00 +0000
ExxonMobil and its XTO Energy subsidiary employees, retirees, directors and surviving spouses contributed more than $286,000 to 31 New Jersey colleges and universities, the company said today. The American Indian College Fund, Hispanic Scholarship Fund and United Negro College Fund are also eligible to receive donations as part of the matching gift program.

ExxonMobil and Employees Donate More Than $3.1 Million to Pennsylvania Colleges and Universities
Thu, 16 May 2019 15:00:00 +0000
ExxonMobil and its XTO Energy subsidiary employees, retirees, directors and surviving spouses contributed more than $876,000 to 60 Pennsylvania colleges and universities, the company said today. The American Indian College Fund, Hispanic Scholarship Fund and United Negro College Fund are also eligible to receive donations as part of the matching gift program.

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