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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.

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