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Exxon Mobil Corp (XOM) Approaches New Downside Target of $91.61

Jun 16, 2022 (SmarTrend(R) News Watch via COMTEX) --
Exxon Mobil Corp (NYSE:XOM) has opened bearishly below the pivot of $94.91 today and has reached the first level of support at $93.25. Should the shares continue to fall, the support pivots of $91.61 and $88.31 will be of interest.

Exxon Mobil Corp (NYSE:XOM) has potential upside of 0.3% based on a current price of $86.11 and analysts' consensus price target of $86.38. The stock should discover initial support at its 50-day moving average (MA) of $62.70 and subsequent support at its 200-day MA of $59.62.

Exxon Mobil Corp share prices have moved between a 52-week high of $91.50 and a 52-week low of $52.10 and are now trading 65% above that low price at $86.11 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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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