OptionsPlay DailyPlay

The bullish DailyPlay we chose for Monday May 11th is Exxon Mobil Corporation (XOM). XOM is part of the Energy Sector (XLE). XLE is in a bullish trend and has experienced a 1.60% move higher over the last month and looks positioned to move higher towards its $83.70 resistance level.

Exxon Mobil recently had a short-term price pullback with bullish momentum, providing a good buying opportunity. XOM looks positioned to continue higher.

View this trade idea on $XOM