C = Catalyst for a Stock’s Movement
Exxon is a big player in the research, production and transportation of the crude oil and natural gas industry. The company recently lost the title of the largest company in the United States to Apple (NASDAQ:AAPL) but are quickly gaining momentum once again. As the world continues to develop, energy requirements are increasing, and Exxon Mobil is well positioned to take advantage of this. Look for the energy trend to continue and for Exxon Mobil to be on the head of it.
T = Technicals on the Stock Chart are Strong
Exxon Mobil is near all-time highs that were reached in 2007. The long-term chart shows how well investors in this company have done. Overall, higher highs and higher lows dominate the price of this stock. On a breakout above the all-time highs, it’s clear skies. It has had a large but orderly run and is pausing near these $90 levels, but it may get going once it digests its gain. There is really nothing bad one can say about the price action of Exxon Mobil’s stock.