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Exxon Mobil Corp (XOM) Crosses Pivot Point Resistance at $58.37

May 03, 2021 (SmarTrend(R) News Watch via COMTEX) --
Shares of Exxon Mobil Corp (NYSE:XOM) opened today above their pivot of $57.76 and have already reached the first level of resistance at $58.37. Should the shares continue to rise, the resistance pivots of $59.49 and $61.22 will be of interest.

In the past 52 weeks, Exxon Mobil Corp share prices have been bracketed by a low of $31.11 and a high of $62.55 and are now at $58.15, 87% above that low price. The 200-day and 50-day moving averages have moved 0.80% higher and 1.03% higher over the past week, respectively.

Exxon Mobil Corp has overhead space with shares priced $58.15, or 32.7% below the average consensus analyst price target of $86.38. The stock should find initial support at its 50-day moving average (MA) of $57.05 and further support at its 200-day MA of $44.83.

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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