Trade Idea - Exxon Mobil
Saturday, October 18, 2008
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.
Labels: XOM
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