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Bullish Moving Average Cross by Exxon Mobil (XOM)

By Nick Russo

Exxon Mobil (NYSE:XOM) shares have crossed bullishly above their 10-day moving average of $89.46 on a volume of 2.4 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher 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 $90.46 and are now at $90.37, 36% above that low price. The 200-day and 50-day moving averages have moved 0.15% higher and 0.61% higher over the past week, respectively.

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 $79.33. Since that recommendation, shares of Exxon Mobil have risen 12.6%. 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