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Look for Shares of Exxon Mobil Corp to Potentially Pullback after Yesterday's 1.56% Rise

Jan 11, 2021 (SmarTrend(R) News Watch via COMTEX) --
Exxon Mobil Corp (NYSE:XOM) traded in a range yesterday that spanned from a low of $44.75 to a high of $46.26. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $45.82 on volume of 11.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Exxon Mobil Corp on November 9th, 2020 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.04. Since that recommendation, shares of Exxon Mobil Corp have risen 22.7%. We continue to monitor XOM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Exxon Mobil Corp share prices have been bracketed by a low of $30.11 and a high of $69.96 and are now at $45.73, 52% above that low price. The 200-day and 50-day moving averages have moved 0.60% higher and 2.69% higher over the past week, respectively.

Write to SmarTrend at cs@mysmartrend.com

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