Actionable news
0
All posts from Actionable news
Actionable news in XOM: EXXON MOBIL CORPORATION,

Exxon's Rally Is Showing Signs of Exhaustion

Exxon Mobil (XOM - Get Report) was the third biggest gainer in the Dow Jones Industrials on Monday. The stock is set up well for more upside, but an extremely overbought moving average convergence/divergence reading should give investors a bit of a pause.

Exxon surged more than 4% on its heaviest upside trade since late August on Monday. This powerful surge lifted shares past a downward sloping 200-day moving average for the first time in well over a year. With this breakout-type move, Exxon has extended its rebound off the August lows to over 28%.

This huge...


More