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Exxon Mobil Corp (XOM) Breaks Through Resistance at $78.15

By James Quinn

Shares of Exxon Mobil Corp (NYSE:XOM) opened today above their pivot of $77.88 and have already reached the first level of resistance at $78.15. Should the shares continue to rise, the resistance pivots of $78.47 and $79.06 will be of interest.

Exxon Mobil Corp (NYSE:XOM) has potential upside of 11.7% based on a current price of $77.83 and analysts' consensus price target of $86.91. The stock should find initial resistance at its 200-day moving average (MA) of $79.62 and further resistance at its 50-day MA of $84.43.

Over the past year, Exxon Mobil Corp has traded in a range of $72.15 to $95.55 and is now at $77.83, 8% above that low. 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 is monitoring the recent change of momentum in Exxon Mobil Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Exxon Mobil Corp in search of a potential trend change.

Keywords: pivot alerts exxon mobil corp

Ticker(s): XOM