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Exxon Mobil Bearish Moving Average Crossover Alert (XOM)

By Amy Schwartz

Exxon Mobil (NYSE:XOM) crossed under its 10-day moving average of $90.93 on a volume of 3.2 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 $92.07 and a 52-week low of $66.55 and are now trading 36% above that low price at $90.60 per share. 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 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 15.7%. 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