Exxon Mobil (XOM) 11/20/09 PriceWatch Alert With $67.70 Break Even
Posted: Friday, November 20, 2009 8:04 AM EDT
By: Market Intelligence Center Staff
Exxon Mobil (NYSE: XOM) closed yesterday at $74.65. So far the stock has hit a 52-week low of $61.86 and 52-week high of $83.64. Exxon Mobil stock has been showing support around 73.68 and resistance in the 75.38 range. Technical indicators for the stock are Bullish and S&P gives XOM a very positive 5 STAR (out of 5) strong buy rating. XOM appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at an Apr '10 70 covered call (XOM DN) for a net debit in the $67.70 area. That is also the break even stock price for this trade. This covered call has a 148 day duration, provides 9.31% downside protection and a 3.40% assigned return rate for an 8.38% annualized return rate (comparison purposes only). A lower cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the XOM Jan '11 45 Call (ODU AI) and selling the Apr '10 70 call (XOM DN) for a $23.25 debit. The trade has a 148 day life and would provide 8.57% downside protection and a 7.53% assigned return rate for a 19.00% annualized return rate (for comparison purposes only). Exxon Mobil has a current annual dividend yield of 2.24%. [FBB-Seven Summits Research]
CLICK HERE: FREE Exxon Mobil (XOM) Stock ReportSee what our analysts have uncovered about Exxon Mobil (XOM).
More News For Exxon Mobil (XOM):
Potential Exxon Mobil (XOM) Trade Has $80.88 Breakeven
Friday, February 10, 2012... Exxon Mobil Corp (NYSE: XOM) closed Thursday's trading session at $84.88. In the past year, the stock has hit a 52-week low of $67.03 and 52-week......
http://www.marketintelligencecenter.com/analyfav/1333816
Energy ETF: SPDR Select Energy Fund (XLE)
Thursday, February 09, 2012... While analysts do expect to see energy stocks have a nice year in 2012, there are risks out there, mainly the situation in Europe. The situation in......
http://www.marketintelligencecenter.com/multiarticle.aspx?story=1333136&page=6
Energy Stock #1 Exxon Mobil (XOM)
Thursday, February 09, 2012... Exxon Mobil (XOM) is the biggest oil company, and before being overtaken by Apple (AAPL) held the title of the biggest company in the world by market......
http://www.marketintelligencecenter.com/multiarticle.aspx?story=1333136&page=2
Exxon Mobil (XOM) Trading Near $83.71 Support Level
Monday, February 06, 2012... Exxon Mobil (NYSE:XOM) closed Friday's dramatic trading session at $84.92. In the past year, the stock has hit a 52-week low of $67.03 and 52-week......
http://www.marketintelligencecenter.com/analyfav/1332686
blog comments powered by