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Exxon Mobil Corp (XOM) Approaches New Downside Target of $82.96

By David Diaz

Exxon Mobil Corp (NYSE:XOM) has opened bearishly below the pivot of $85.28 today and has reached the first level of support at $83.74. Analysts will be watching for a cross of the next downside pivot targets of $82.96 and $80.64.

Potential upside of 3.7% exists for Exxon Mobil Corp, based on a current level of $83.31 and analysts' average consensus price target of $86.38. The stock should find initial support at its 50-day moving average (MA) of $82.12 and further support at its 200-day MA of $80.74.

Over the past year, Exxon Mobil Corp has traded in a range of $72.16 to $89.30 and is now at $83.31, 15% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

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: pivot alerts exxon mobil corp

Ticker(s): XOM