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Watch for Exxon Mobil Corp to Potentially Rebound After Falling 1.61% Yesterday

By Shiri Gupta

Exxon Mobil Corp (NYSE:XOM) traded in a range yesterday that spanned from a low of $82.50 to a high of $84.17. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $84.50 on volume of 7.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Exxon Mobil Corp share prices have moved between a 52-week high of $89.30 and a 52-week low of $72.16 and are now trading 15% above that low price at $82.75 per share. Over the past week, 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: rebounders exxon mobil corp

Ticker(s): XOM