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Exxon Mobil Corp (XOM) Approaches New Downside Target of $80.18

By Amy Schwartz

Shares of Exxon Mobil Corp (NYSE:XOM) have bearishly opened below the pivot of $80.54 today and have reached the first support level of $80.30. Investors may be interested in a cross of the next downside pivot targets of $80.18 and $79.82.

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 $80.50, which is 25% above that low price. The 200-day and 50-day moving averages have moved 0.01% lower and 1.27% higher over the past week, respectively.

Exxon Mobil Corp (NYSE:XOM) has potential upside of 7.3% based on a current price of $80.50 and analysts' consensus price target of $86.38. The stock should discover initial support at its 200-day moving average (MA) of $79.04 and subsequent support at its 50-day MA of $75.22.

SmarTrend recommended that subscribers consider buying shares of Exxon Mobil Corp on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $71.42. Since that recommendation, shares of Exxon Mobil Corp 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: pivot alerts exxon mobil corp

Ticker(s): XOM