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Technical Analysis
- 11/17/2009 8:39:52 AM
By Chip Brian, SmarTrend Analytics Team
Exxon Mobil (NYSE:XOM) upgraded to Overweight from Equal Weight, $92 target, at Barclays. The stock closed yesterday at $74.43 on volume of 21,320,300 shares, below average daily volume of 21,687,533.
Exxon Mobil is currently above its 50-day moving average of $70.91 and above its 200-day moving average of $69.96.
SmarTrend is bullish on shares of XOM and our subscribers received an Uptrend alert on October 14, 2009 at $71.32, which has returned 4.4% to date.
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