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Exxon Mobil Corp Bullish Moving Average Crossover Alert (XOM)

By Nick Russo

Today, shares of Exxon Mobil Corp (NYSE:XOM) have advanced above their 10-day MA of $69.46 on a volume of 2.1 million shares. This may provide short-term investors a chance 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 Corp have traded between a low of $64.65 and a high of $87.36 and are now at $69.69, which is 8% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Exxon Mobil Corp on August 1st, 2019 by issuing a Downtrend alert when the shares were trading at $73.27. Since that call, shares of Exxon Mobil Corp have fallen 5.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses exxon mobil corp

Ticker(s): XOM