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When the Price of Spdr S&p Oil & Gas Exploration XOP Talks, People Listen

When the Price of Spdr S&p Oil & Gas Exploration XOP Talks, People Listen

Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Spdr S&p Oil & Gas Exploration (NYSE: XOP) with integrated risk controls.

Warning:

The trading plans were valid at the time this was published, but the support and resistance levels for XOP change as time passes, and this should be updated in real time.  Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports

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Instructions:

Use the basic rules of Technical Analysis.  Here are some examples: if XOP is testing support the signal is to buy and target resistance.  On the other hand, if resistance is tested, that is a sign to short, and target support.  No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for XOP too.  All of these are offered here: Access our Real Time Trading Plans

Longer Term Trading Plans for XOP
  • Buy XOP over 118.62 target 134.28 stop loss @ 118.28
  • Short XOP under 134.28, target 118.62, stop loss @ 134.67
Swing Trading Plans for XOP
  • Buy XOP over 123.41, target 134.28, Stop Loss @ 123.05
  • Short XOP near 123.41, target 118.62, Stop Loss @ 123.77.
Day Trading Plans for XOP
  • Buy XOP over 121.12, target 123.41, Stop Loss @ 120.84
  • Short XOP near 121.12, target 118.62, Stop Loss @ 121.4.

XOP Technical Summary | Raw Data for the Trading Plans

Term → Near Mid Long
Bias Weak Strong Strong
P1 0 0 118.62
P2 121.12 110.70 134.28
P3 128.58 123.41 150.55

136566 XOP Graph


136566 XOP Swinggraph


136566 XOP Daygraph

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