• Return to Headlines

Watch for Shares of Exxon Mobil Corp (XOM) to Approach Resistance at $77.11

By Nick Russo

Exxon Mobil Corp (NYSE:XOM) has opened bullishly above the pivot of $76.58 today and has reached the first level of resistance at $76.84. Analysts will be watching for a cross of the next upside pivot targets of $77.11 and $77.64.

Exxon Mobil Corp (NYSE:XOM) has potential upside of 12.3% based on a current price of $77.11 and analysts' consensus price target of $86.59. 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 $76.05 to $95.55 and is now at $77.11, 1% above that low. 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%.

SmarTrend recommended that its subscribers protect gains by selling shares of Exxon Mobil Corp on July 7th, 2017 by issuing a Downtrend alert when the shares were trading at $80.21. Since that call, shares of Exxon Mobil Corp have fallen 4.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts exxon mobil corp

Ticker(s): XOM