Market Overview

SmarTrend Detects Continued Buying Pressure in Shares of Exxon Mobil (XOM)

(via COMTEX News Network)--

SmarTrend identified an Uptrend for Exxon Mobil (NYSE: XOM) on July 26, 2010 at $60.03. In approximately 3 months, Exxon Mobil has returned 10.4% as of today's recent price of $66.25.

Exxon Mobil is currently above its 50-day moving average of $61.42 and above its 200-day moving average of $63.65. Look for these moving averages to climb to confirm the company's upward momentum.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Exxon Mobil shares.

Write to Chip Brian at cbrian@tradethetrend.com

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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

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