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Bullish Moving Average Cross by Exxon Mobil (XOM)

By Amy Schwartz

Exxon Mobil (NYSE:XOM) crossed over its 10-day moving average of $81.53 on a volume of 1.7 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher 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 $81.85, which is 23% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

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 7.2%. 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