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

Exxon Chart Shows Stock Gushing Even Higher

Exxon Mobil (XOM) shares made another 52-week high despite persistent low oil prices. They can go even higher.

At a trailing price to earnings multiple of almost 30, compared to a P/E of 21 for the S&P 500 (SPX) index, XOM is no bargan. But its technical chart points to additional gains of around 5% to 10%. Assuming oil prices have reached a near-term bottom, shares should maintain their uptrend and head towards $98 to $100%, yielding 8% to 10% gains.

Exxon shares closed Friday at $90.72. The stock has risen 16.38% year to date, including almost 8% gains in the past three months. This compares with 1.33% year-to-date rise in the S&P 500 index and a 10.89%...


More