OptionsPlay DailyPlay

Bullish – XOM $81.73 – Energy

The bullish DailyPlay we chose for Tuesday, April 2nd is Exxon (XOM). XOM is part of the Energy Sector (XLE). XLE has rallied 0.81% higher over the past month and its 1m and 6m trend turned bullish yesterday and is testing its $67 resistance level.

Exxon’s 1m and 6m trends turned bearish on March 26th and recently bounced higher off its $80 support level. With a technical score of 6 (out of 10), XOM is a neutral stock that will likely trend higher.

As a stop loss, if XOM was to trade below $80 for multiple days, this would invalidate our analysis and suggest getting out of the trade.View XOM Trade

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