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Exxon Mobil Corp Bearish Moving Average Crossover Alert (XOM)

By David Diaz

Today, shares of Exxon Mobil Corp (NYSE:XOM) have crossed bearishly below their 10-day moving average of $68.39 on a volume of 2.0 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Exxon Mobil Corp share prices have been bracketed by a low of $64.65 and a high of $83.75 and are now at $67.95, 5% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

SmarTrend is tracking the current trend status for Exxon Mobil Corp and will alert subscribers who have XOM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses exxon mobil corp

Ticker(s): XOM