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.

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Fri, 29 Jun 2018 02:59:39 +0000
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[$$] Exxon Mobil Is First Among Energy Companies in Management Top 250
Thu, 28 Jun 2018 15:21:36 +0000
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An Unlikely Shale Frontier
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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
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