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Exxon Mobil Bearish Moving Average Crossover Alert (XOM)

By Nick Russo

Exxon Mobil (NYSE:XOM) crossed under its 10-day moving average of $90.02 on a volume of 2.6 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.

Exxon Mobil share prices have moved between a 52-week high of $91.43 and a 52-week low of $66.55 and are now trading 34% above that low price at $89.20 per share. 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 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 13.6%. 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