American Stocks Analysis

Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.

ExxonMobil pares losses - Analysis - 30-05-2017

Economies.com
2017-05-30 13:33PM UTC

ExxonMobil's stock (XOM) fell in the intraday levels, recording a loss of 0.24% in the last session, or 0.20 points, and hitting an intraday low at 80.83, bouncing off it higher and paring the losses, while trading withing a tight sideways range, trapped between the support of 80.30, and the resistance of 83.87, as the stock gets buoyed by exiting a positive pattern that formed recently, the Falling Wedge pattern. 

 

Therefore we expect more gains for the stock, targeting the resistance of 83.87. 

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