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 attacks strong resistance - Analysis - 26-12-2017

Economies.com
2017-12-26 14:09PM UTC

ExxonMobil's stock (XOM) rose in the intraday levels, scoring a new profit of 0.14% in the last session, or 0.12 points, while getting buoyed by piercing the ceiling of a descending correctional price channel that limited recent trading, with positive support from the 50-day SMA, coupled with positive signals from the RSI, tackling thereafter the important resistance of 84.14. 

 

Therefore we expect more gains for the stock, provided the resistance of 84.14 is breached, targeting the next one at 88.67.

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