Nov. 15 at 7:52 AM
$XOM: The last close at
$119.29 indicates a strong position above the 30-day moving average (MA30) of
$114.69 and the 50-day moving average (MA50) of
$114.08, suggesting bullish momentum. The RSI at 61.33 indicates that the stock is nearing overbought territory but is not yet excessively so, allowing for potential further gains.
Given the 60-day high of
$120.81, there is room for upward movement, while the 60-day low of
$108.35 provides a solid support level.
Suggested entry is at
$119.50, with a stop loss at
$117.50 to manage risk. Target 1 is set at
$121.00, just below the 60-day high, while Target 2 can be set at
$123.00 for a more aggressive approach.
Overall, the market context supports a bullish bias, with favorable technical indicators suggesting potential for continued upside.
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