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Exxon Mobil Corp Falls 4.10% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Exxon Mobil Corp (NYSE:XOM) traded in a range yesterday that spanned from a low of $42.09 to a high of $43.87. Yesterday, the shares fell 4.1%, which took the trading range below the 3-day low of $44.12 on volume of 15.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, Exxon Mobil Corp share prices have been bracketed by a current low of $0.00 and a high of $77.93 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.75% lower and 1.13% lower over the past week, respectively.

Keywords: rebounders exxon mobil corp

Ticker(s): XOM