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Watch for Shares of Exxon Mobil Corp (XOM) to Approach Support at $60.23

Oct 13, 2021 (SmarTrend(R) News Watch via COMTEX) --
Shares of Exxon Mobil Corp (NYSE:XOM) have bearishly opened below the pivot of $61.36 today and have reached the first support level of $60.73. Investors may be interested in a cross of the next downside pivot targets of $60.23 and $59.10.

Potential upside of 42.5% exists for Exxon Mobil Corp, based on a current level of $60.63 and analysts' average consensus price target of $86.38. The stock should find initial support at its 50-day moving average (MA) of $56.79 and further support at its 200-day MA of $56.32.

In the past 52 weeks, Exxon Mobil Corp share prices have been bracketed by a low of $31.11 and a high of $64.92 and are now at $60.63, 95% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.4%.

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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COMTEX_395109220/2476/2021-10-13T10:30:10

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