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Bullish Moving Average Cross by Exxon Mobil (XOM)

By James Quinn

Exxon Mobil (NYSE:XOM) shares have crossed bullishly above their 10-day moving average of $83.38 on a volume of 1.9 million shares. This may provide swing traders with an opportunity 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 $90.09 and are now at $83.99, which is 26% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Exxon Mobil on February 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $79.34. Since that recommendation, shares of Exxon Mobil have risen 4.9%. We continue to monitor XOM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Exxon Mobil

Ticker(s): XOM