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Next Support Level for Exxon Mobil Corp (XOM) is $88.45

Aug 04, 2022 (SmarTrend(R) News Watch via COMTEX) --
Exxon Mobil Corp (NYSE:XOM) has opened bearishly below the pivot of $92.08 today and has reached the first level of support at $89.73. Analysts will be watching for a cross of the next downside pivot targets of $88.45 and $84.82.

In the past 52 weeks, Exxon Mobil Corp share prices have been bracketed by a low of $52.10 and a high of $91.50 and are now at $88.90, 71% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Exxon Mobil Corp (NYSE:XOM) is currently priced 2.8% above its average consensus analyst price target of $86.38. The stock should find initial support at its 50-day moving average (MA) of $62.70 and further support at its 200-day MA of $59.62.

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 tracking

COMTEX_411588472/2476/2022-08-04T11:04:54

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