Exxon (XOM) Offering Possible 9.65% Return Over the Next 37 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 9.65% return on risk over the next 37 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 $0.44 would be kept by the premium seller. The risk of $4.56 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.

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LATEST NEWS for Exxon

The Battle For Control Over Iraq’s Oil
Mon, 13 May 2019 22:00:00 +0000
Russia is fighting hard to maintain its dominance in Iraq’s oil industry, increasing investment to counter moves by China and the U.S. to influence the space

Oil Prices Spike on Reports of an Attack on Saudi Tankers
Mon, 13 May 2019 14:05:00 +0000
A report of an attack on two Saudi Arabian oil tankers in the Strait of Hormuz caused oil prices to spike on Monday.

Ships now moving inbound on Houston Ship Channel -U.S. Coast Guard
Mon, 13 May 2019 13:31:10 +0000
Ships are moving inbound on Monday morning along the Houston Ship Channel after a Friday collision between a barge and deep-draft ship that spilled petrochemicals into the waterway closed ship traffic in both directions, the U.S. Coast Guard said. The Coast Guard did not have immediately available the number of vessels waiting to enter and exit the Channel on Monday morning.

Imagine Owning Exxon Mobil (NYSE:XOM) And Wondering If The 24% Share Price Slide Is Justified
Mon, 13 May 2019 13:21:17 +0000
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ExxonMobil Doubles Manufacturing Capacity of Specialty Elastomers at Newport, Wales Plant
Mon, 13 May 2019 13:00:00 +0000
IRVING, Texas– — Specialty thermoplastics help reduce vehicle and consumer product weight, leading to improved fuel efficiency and higher performance Expansion increases global manufacturing capacity of Santoprene™ by 25 percent Two new production lines add 35 full-time jobs at Newport plant ExxonMobil said today it has completed an expansion of its specialty elastomers manufacturing plant in Newport, …

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