Exxon Mobil ($XOM) Short
Last year was a good year for oil stocks. This year, not so much...
Technical wise, this 50 / 200 day moving average cross or death cross is showing weakness for XOM. The death cross only tells you that price action has deteriorated over a period a little longer than two months, if the crossing is done by the 50-day moving average. $100 is a big level that's held for most of the year...
Technical wise, this 50 / 200 day moving average cross or death cross is showing weakness for XOM. The death cross only tells you that price action has deteriorated over a period a little longer than two months, if the crossing is done by the 50-day moving average. $100 is a big level that's held for most of the year...
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