Tuesday, February 9, 2010

Exxon Mobil Corp. XOM Stock Analysis

The following is technical analysis of Exxon Mobil Corp. (XOM) stock for February 10, 2010

Exxon Mobil Corp. (XOM) Support & Resistance Levels - 2/10/10

Resistance Levels: $66.79, $68.25

Support Levels: $65, $63.15, $63

http://stockcharts.com - Chart

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Exxon Mobil Corp. (XOM) has a leading position in the USA shale plays with the acquisition of XTO Energy Inc (XTO). Exxon Mobil stock is back over the 10 day moving average which is a bullish technical indicator. Upside resistance is located at $66.79 while support is at $63. I would be a buyer of Exxon when it closes back above $66.79.

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