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Watch for Shares of Exxon Mobil Corp (XOM) to Approach Support at $40.94

Jul 31, 2020 (SmarTrend(R) News Watch via COMTEX) --
Shares of Exxon Mobil Corp (NYSE:XOM) opened today below their pivot of $42.29 and have already reached the first level of support at $41.41. Should the shares continue to fall, the support pivots of $40.94 and $39.59 will be of interest.

In the past 52 weeks, shares of Exxon Mobil Corp have traded between the current low of $0.00 and a high of $75.65 and are now at $0.00. The 200-day and 50-day moving averages have moved 1.16% lower and 0.17% lower over the past week, respectively.

Potential upside of 0.0% exists for Exxon Mobil Corp, based on a current level of $0.00 and analysts' average consensus price target of $86.38. The stock should run into initial resistance at its 50-day moving average (MA) of $45.48 and subsequent resistance at its 200-day MA of $54.40.

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.

Write to SmarTrend at cs@mysmartrend.com

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