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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.

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