Exxon Mobil down in the morning
Thursday, November 01, 2007
Shares of Exxon Mobil are trading down early in the morning after company reported a 10% drop in third quarter profits as high oil prices and refining costs battered profit margins. Looking at the daily chart, stock is now in a bad technical perspective if stock closes the day below its 50 at $90.20, because probably will push stock until the next support at $82. Let's see which will be the close.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
Labels: XOM