Exxon Mobil (XOM) NewsBite - XOM Rises on Possible Exploration Deal

Exxon Mobil (NYSE: XOM) opened at $78.54. So far today, the stock has hit a low of $78.50 and a high of $79.85. XOM is now trading at $79.81, up $1.78 (2.28%). Over the last 52 weeks the stock has ranged from a low of $71.51 to a high of $96.12. Shares of XOM are trading higher this morning on reports that the company is close to signing a deal with Turkish state oil company TPAO that would allow the company to explore and drill for oil in the Black Sea. 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 November out-of-the-money bull-put credit spread below the 65 range.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

Related terms: exploration, nyse, oil, S&P