Exxon Mobil Corp Intra-day Bounce Level

This morning, the leading integrated energy company Exxon Mobil Corp (NYSE:XOM) is trading lower by 0.23 cents to $99.26 a share. Exxon Mobil Corp stock has been very weak since July 31, 2014 when it plunged lower on heavy volume. Currently, the stock is trading below the important 50-day moving average which is a sign of weakness. Today, day traders should watch for solid intra-day support around the $98.65 level. This was an area that was defended on August 15th and should be good for an intra-day bounce in the stock.

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Nick Santiago
Chief Market Strategist
www.InTheMoneyStocks.com