Updated Bullish Oil Plays

Stock Traders Daily has updated its buy ratings on Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), Schlumberger Limited. (NYSE:SLB), BP plc (ADR) (NYSE:BP), and Baker Hughes Incorporated (NYSE:BHI).  These buy ratings were made on November 2, 2016 in advance of what appeared to soon be a favorable environment for oil companies and oil prices.  Calls were distributed to clients, through Reuters, First Call, and Zacks.

Company Symbol

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Entry Price

Current Price

Return % to date

Exxon Mobil Corp XOM

83.45

87.87

5.30%

Chevron Corp CVX

105

112.06

6.72%

Schlumberger NV SLB

77.76

83.26

7.07%

BP PLC

BP

34.01

34.69

2.00%

Baker Hughes Inc BHI

54.46

63.02

15.72%

In addition to these, Stock Traders Daily also placed a STONG buy rating on UCO.

Details and prices targets are available to subscribers.

Technical Summary

Term →Near Mid Long
Bias Weak Neutral Neutral
P1 85.39 82.07 80.50
P2 86.35 85.81 87.17
P3 87.07 89.34 93.70

Long Term Trading Plans for XOM

November 30, 2016, 10:11 am ET

The technical Summary and associated Trading Plans for XOM listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for XOM. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.

XOM - (Long) Support Plan

Buy over 87.17 target 93.70 stop loss @ 86.91.
The technical summary data tells us to buy XOM near 87.17 with an upside target of 93.70. This data also tells us to set a stop loss @ 86.91 to protect against excessive loss in case the stock begins to move against the trade. 87.17 is the first level of support below 87.63 , and by rule, any test of support is a buy signal. In this case, support 87.17 is being tested, a buy signal would exist.

XOM - (Short) Resistance Plan

Short under 93.70 target 87.17 stop loss @ 93.96
The technical summary data is suggesting a short of XOM as it gets near 93.70 with a downside target of 87.17. We should have a stop loss in place at 93.96 though. 93.70 is the first level of resistance above 87.63, and by rule, any test of resistance is a short signal. In this case, if resistance 93.70 is being tested, a short signal would exist.


XOM Long Term Analysis


XOM EPS Analysis

XOM Growth rate - Quarterly

XOM Growth rate - Yearly

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