Exxon Mobil Shows Early Weakness

Discussion in 'Stocks' started by inthemoneystock, Dec 9, 2010.

  1. This morning the leading integrated energy stock Exxon Mobil Corp.(NYSE:XOM) is trading lower by 0.23 cents to $71.62. Often when Exxon Mobil Corp. is weak during the trading session this will usually signal that the stock market indexes are weak as well. That happens to be the case today. Exxon Mobil will have short term intra-day support around the $71.58 area and more around the $71.45 level.

    The other leading integrated energy stocks such as Chevron Corp.(NYSE:CVX), and ConocoPhillips(NYSE:COP) are both trading lower on the trading session. These stocks will often follow or coat tail the movement in Exxon Mobil. Remember to always follow the leader.