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Bearish Moving Average Cross by Exxon Mobil (XOM)

By David Diaz

Exxon Mobil (NYSE:XOM) crossed under its 10-day moving average of $82.19 on a volume of 3.4 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Exxon Mobil have traded between a low of $66.55 and a high of $95.55 and are now at $81.78, which is 23% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

SmarTrend is monitoring the recent change of momentum in Exxon Mobil. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Exxon Mobil in search of a potential trend change.

Keywords: moving crosses Exxon Mobil

Ticker(s): XOM