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SmarTrend Watching for Potential Rebound in Shares of Exxon Mobil Corp After 4.10% Loss

By Nick Russo

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. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 1.1%.

Keywords: rebounders exxon mobil corp

Ticker(s): XOM