Exxon Mobil (XOM) NewsBite - XOM Rising on Higher Oil

Posted: Thursday, December 11, 2008 1:29 PM EDT

Exxon Mobil (NYSE: XOM) opened at $80.33. So far today, the stock has hit a low of $80.04 and a high of $81.92. XOM is now trading at $81.58, up $1.51 (1.89%). Over the last 52 weeks the stock has ranged from a low of $56.51 to a high of $96.12. XOM shares are rising with other oil stocks today, helped by higher oil futures. Technical indicators for the stock are bullish and S&P gives XOM a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on XOM the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 70 range. [ABR-Seven Summits Strategic Investments NewsBite]

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