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Bearish Moving Average Cross by Exxon Mobil (XOM)

By Shiri Gupta

Exxon Mobil (NYSE:XOM) crossed under its 10-day moving average of $82.61 on a volume of 1.3 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Exxon Mobil share prices have been bracketed by a low of $66.55 and a high of $95.55 and are now at $82.44, 24% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Exxon Mobil on January 9th, 2017 by issuing a Downtrend alert when the shares were trading at $87.39. Since that call, shares of Exxon Mobil have fallen 5.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Exxon Mobil

Ticker(s): XOM