[May 22, 2012] Exxon Mobil (XOM) Approaches New Upside Target of $82.81 Tweet May 22, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of Exxon Mobil (NYSE:XOM) opened today above their pivot of $81.75 and have already reached the first level of resistance at $82.42. Should the shares continue to rise, the resistance pivots of $82.81 and $83.87 will be of interest. There is potential upside of 14.3% for shares of Exxon Mobil based on a current price of $82.23 and an average consensus analyst price target of $94.00. The stock should find resistance at its 50-day moving average (MA) of $84.95, as well as support at its 200-day MA of $80.74. In the past 52 weeks, Exxon Mobil share prices have been bracketed by a low of $67.03 and a high of $87.94 and are now at $82.23, 23% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has remained constant. SmarTrend is tracking the current trend status for Exxon Mobil and will alert subscribers who have XOM in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]