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Exxon Mobil Corp (XOM) Breaks Through Resistance at $36.95

Sep 15, 2020 (SmarTrend(R) News Watch via COMTEX) --
Shares of Exxon Mobil Corp (NYSE:XOM) opened today above their pivot of $36.72 and have already reached the first level of resistance at $36.95. Investors may be interested in a cross of the next upside pivot targets of $37.24 and $37.76.

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 $42.00 and subsequent resistance at its 200-day MA of $50.16.

Over the past year, Exxon Mobil Corphas traded in a range of $0.00 to $75.65 and are now at $0.00. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Exxon Mobil Corp on June 15th, 2020 by issuing a Downtrend alert when the shares were trading at $46.26. Since that call, shares of Exxon Mobil Corp have fallen 20.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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