Schaeffer's Street Chatter Highlights the Following Stocks: Exxon Mobil, Intel, GlaxoSmithKline, and XM Satellite Radio.

CINCINNATI -- Today's "Street Chatter" from Schaeffer's Investment Research focuses on: Exxon Mobil (NYSE:XOM), Intel (NASDAQ:INTC), GlaxoSmithKline (NYSE:GSK), and XM Satellite Radio (NASDAQ:XMSR). "Street Chatter" is a report that analyzes three newsworthy stocks that are generating a lot of attention on Internet message boards. "Street Chatter" is published on www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research.

For additional information about this report or to have it delivered to you free via email every day click on the following link: http://www.schaeffersresearch.com/redirect.aspx?CODE=PRSC12M&PAGE=1 .

Street Chatter:

Exxon Mobil: Exxon Mobil (NYSE:XOM), the new number-one name in the Fortune 500, released first-quarter earnings this morning that missed analysts' expectations by a dime per share. The oil giant said rising crude-oil and natural-gas costs have been offset by lower chemical margins. After gapping lower out of the gate, the stock has worked its way back to the breakeven mark, thanks in part to a successful test of support at its 80-day moving average, which boosted the stock higher earlier today. It isn't all smooth sailing ahead for XOM, however, as calls have been building overhead at the out-of-the-money May 65 strike. More than 5,000 calls were added on this option yesterday, bringing total open interest at the strike to nearly 30,000 contracts. What's more, the July 65 call strike is a greater force to be reckoned with, as it is home to more than 42,000 positions. As the stock attempts to preserve its uptrend, it may be challenged by this structural resistance.

Click the following link to see a daily chart of Exxon Mobil since December 2005 with 80-day moving average: http://www.schaeffersresearch.com/wire?ID=15885 .

Intel: Intel (NASDAQ:INTC) is in the news today after the Pentium parent's Chief Executive Officer revealed plans for a restructuring and reorganization plan. The shares are trading more than two percent higher and have overcome their 10-week moving average. The stock's out-of-the-money May 20 call saw the addition of roughly 30,000 contracts on Wednesday, bringing total open interest on the option to just under 230,000 contracts. The May 20 strike is a tough hurdle to surmount, and is effectively rendered more formidable by the June 20 and July 22.5 call strikes, the sites of heaviest open interest in these series, respectively home to 18,315 and 131,000 contacts.

Click the following link to see May's open-interest configuration for Intel: http://www.schaeffersresearch.com/wire?ID=15885 .

GlaxoSmithKline: GlaxoSmithKline (NYSE:GSK) shares have rallied nearly five percent today on heavy volume, pegging a new annual high on the heels of strong first-quarter earnings results. With this move, the stock is now above the 55 mark, which is a critical level from an options trading perspective. The May 55 put is home to more than 5,000 contracts and could now function as structural resistance until May expiration. What's more, there is very little overhead call open interest above 55, ensuring a clear path for the shares as they explore new-high territory.

XM Satellite Radio: Heavy volume has descended upon XM Satellite Radio (NASDAQ:XMSR) as well; the stock has pulled lower after reporting a wider-than-expected quarterly loss. Today's move has forced the equity's overhead 10-day and 20-day moving averages into a bearish crossover, which could signal additional downside for the shares. From an options perspective, the stock is sandwiched between potential support in the form of heavy put open interest at the May 20 strike, and overhead resistance at the May 22.5 call. If the equity breaches the 20 level, which is home to almost 7,000 open out-of-the-money puts, it could endure an accelerated retreat.

Click the following link to see May's open-interest configuration for XM Satellite Radio: http://www.schaeffersresearch.com/wire?ID=15885 .

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About Schaeffer's Investment Research (www.SchaeffersResearch.com)

Schaeffer's Investment Research, founded by Bernie Schaeffer in 1981, is a financial information and trading resources company. It publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription newsletter. The firm's contrarian approach focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm's website, http://www.SchaeffersResearch.com , is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's. Click here for more details about Schaeffer's trading methodology: http://www.SchaeffersResearch.com/method .