Exxon Mobil Corp (XOM) Moves Up For the 3rd Day In A Row; in a Downtrend Over Past 90 Days

Exxon Mobil Corp Daily Price Recap

Exxon Mobil Corp came into today up 0.64% ($0.28) from the open of yesterday, marking the 3rd day in a row an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 18.68% from the day before — and down 13.42% from the same day the week before. Here is a daily price chart of Exxon Mobil Corp.

Exxon Mobil Corp Technical Analysis

Coming into today Exxon Mobil Corp is now close to its 50 day averages, located at 44.32 respectively, and thus may be at a key juncture along those timeframes. Volatility for Exxon Mobil Corp has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed up. If you’re looking to trade the primary trend, this may be a good opportunity to sell rallies created by the counter trend. Or to view things another way, note that out of the past 14 days Exxon Mobil Corp’s price has gone up 7 them.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to XOM: