Dandelions12

XOM closes above 50D SMA

Long
NYSE:XOM   Exxon Mobil
XOM closed above 50 day SMA which should act as a resistance ceiling, and key level of support if upside momentum wins out. Earnings to release on Friday 7/29, which is also options expiration so lots of volatility expected. 200 D SMA at $78+ should ceiling resistance prove too strong, look to increase position <$84
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