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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.

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