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Exxon Mobil (XOM) Breaks Through Support at $81.79

By Shiri Gupta

Exxon Mobil (NYSE:XOM) has opened bearishly below the pivot of $82.03 today and has reached the first level of support at $81.79. Analysts will be watching for a cross of the next downside pivot targets of $81.59 and $81.15.

Exxon Mobil share prices have moved between a 52-week high of $95.55 and the current low of $0.00 and are currently at $0.00 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

There is potential upside of 0.0% for shares of Exxon Mobil based on a current price of $0.00 and an average consensus analyst price target of $88.82. 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.

SmarTrend recommended that its subscribers protect gains by selling shares of Exxon Mobil on January 9th, 2017 by issuing a Downtrend alert when the shares were trading at $87.39. Since that call, shares of Exxon Mobil have fallen 6.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts Exxon Mobil

Ticker(s): XOM