Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Wajeeh Khan

Exxon Mobil Stock Threatens to Break Below Its 50-Day MA. Should You Buy the Dip?

Exxon Mobil (XOM) shares tanked on Wednesday as the U.S. agreed to temporarily call off its planned attack on Iran as long as its supreme leader pledged to keep the Strait of Hormuz open. 

After the selloff, XOM is trading just above its 50-day moving average (MA), with a clear break below $153 expected to accelerate downward momentum in the near term. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.