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Comprehensive non-correlated Spdr S&p Oil & Gas Exploration $XOP Trading Report

Oct 18, 2020 (Stock Traders Daily via COMTEX) --

Technical Summary

Term →Near Mid Long
Bias Strong Neutral Weak
P1 0 0 22.32
P2 43.72 44.41 37.83
P3 44.71 46.52 52.05

Long Term Trading Plans for XOP

October 18, 2020, 11:15 am ET

The Technical Summary and Trading Plans for XOP help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this XOP Report.

XOP - (Long) Support Plan

The technical summary data tells us to buy XOP near 37.83 with an upside target of 52.05. This data also tells us to set a stop loss @ 37.72 to protect against excessive loss in case the stock begins to move against the trade. 37.83 is the first level of support below 43.56 , and by rule, any test of support is a buy signal. In this case, support 37.83 is being tested, a buy signal would exist.

XOP - (Short) Resistance Plan

The technical summary data is suggesting a short of XOP as it gets near 52.05 with a downside target of 37.83. We should have a stop loss in place at 52.2 though. 52.05 is the first level of resistance above 43.56, and by rule, any test of resistance is a short signal. In this case, if resistance 52.05 is being tested, a short signal would exist.


XOP Long Term Analysis


XOP Dividend Chart

XOP PE chart

XOP PEG chart
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