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Watch for Exxon Mobil Corp to Potentially Pullback After Gaining 1.68% Yesterday

By James Quinn

Exxon Mobil Corp (NYSE:XOM) traded in a range yesterday that spanned from a low of $68.89 to a high of $69.49. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $68.32 on volume of 2.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Exxon Mobil Corp share prices have moved between a 52-week high of $86.88 and a 52-week low of $64.65 and are now trading 7% above that low price at $69.40 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has remained constant.

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: rebounders exxon mobil corp

Ticker(s): XOM