ExxonMobil Stock Today: Why This Bull Put Spread Could Earn 26% In Less Than 2 Weeks

The Nasdaq and S&P 500 put in another strong reversal Tuesday, but oil stocks continue to steal the show. Meanwhile, ExxonMobil (XOM) stock broke out above resistance near 66 on Jan. 4 and effectively staged a breakout from a shallow cuplike pattern with a 66.48 buy point. In bullish form, XOM has continued on its upward trajectory since then.


The company is ranked No. 3 in its group and has a Composite Rating of 97, an EPS Rating of 68 and a Relative Strength Rating of 92. So,…

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