TMCnet News
Downgrade Alert for Exxon Mobil (XOM)Jan 30, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Exxon Mobil (NYSE:XOM) was downgraded from Outperform to Neutral at Macquarie today. The stock closed yesterday at $91.76 on volume of 11.0 million shares, below average daily volume of 13.4 million. Exxon Mobil Corporation operates petroleum and petrochemicals businesses on a worldwide basis. The Company's operations include exploration and production of oil and gas, electric power generation, and coal and minerals operations. Exxon Mobil also manufactures and markets fuels, lubricants, and chemicals. Potential upside of 3.7% exists for Exxon Mobil, based on a current level of $91.76 and analysts' average consensus price target of $95.17. The stock should find initial support at its 50-day moving average (MA) of $88.60 and further support at its 200-day MA of $87.12. In the past 52 weeks, shares of Exxon Mobil have traded between a low of $77.13 and a high of $93.67 and closed yesterday at $91.76, which is 19% above that low price. The 200-day and 50-day moving averages have moved 0.15% higher and 0.33% higher over the past week, respectively. 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 |