Trade Idea - Exxon Mobil
Saturday, October 18, 2008
Chart courtesy of stockcharts

Exxon Mobil shares are in a Bearish mode with MACD below signal line and the price below both 50 and 200 day moving averages. Long positions may be considered only on a close above $71.51, with a stop-loss at $59.17. A close below this level could push the stock to the $57-$56 range. Let's keep an eye on it.

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.

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posted by Pro Investor Trader at 12:55 AM | Permalink


2 Comments:


At 2:08 PM, Blogger Bryan

This comment has been removed by the author.

 

At 2:09 PM, Blogger Bryan

Now that Obama has been elected as the nation's next president, where do you see Exxon Mobil stock going? He has repeatedly singled out this company as the head of greedy "Big Oil"?
Thanks,

Bryan
www.usefulopinions.blogspot.com