Bullish Trading Alert for Exxon Mobil Corporation (XOM)

Posted on 03/13/2012 by Ella Gold

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NEW YORK (AVAFIN) -- The trading session ended with shares of Exxon Mobil Corporation crossing above the 50-day moving average indicating a likely bullish trend. The shares declined as low as $85.61 before the closing at $86.39 on Tuesday. XOM shares rose 0.97% percent on volume of 5.77M shares.

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Fundamental changes that are above or below investors expectations trigger the development of support levels. Given investor's expectations change rapidly, this development serves as a reliable data point on charts. Based on the pivot points, the current support and resistance levels for XOM are $85.29 and $87.01 respectively.

Historical performance shows that the stock has gained 22.29% within the last six month. The mean analyst rating for the stock is hold.


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