Exxon Shares are Showing Momentum (NYSE:XOM)
Shares of Exxon Mobil Corporation (NYSE:XOM) have some strong momentum these days, as the stock’s price has made 17 new highs in the past month of trading. This means one thing, shares of Exxon have momentum heading into the upcoming earnings and investors may be looking for an upward surprise.
Exxon Mobil (XOM) is expected to report EPS of $1.39 per share pre-market on Thursday. Exxon is rated a STRONG BUY according to ValuEngine, and is 8.2% undervalued. The stock has overbought MOJO on its daily chart setting trading as high as $66.80 versus our one-year price target of $75.75. My monthly value level is $59.94 with a weekly pivot at $66.83 and annual risky level at $87.35. – Source: Forbes
The technical indicators are giving strong buy signals for Exxon as well. Look for XOM to continue pace with the momentum the stock has shown recently.
Over the past 12 months XOM shares have traded between a 52-week low of $55.94 and its 52-week high of $76.54. Exxon Mobil Corp shares are now trading with a P/E Ratio of 12.8 and EPS of 5.18. Exxon Mobil Corp 's (XOM) current market cap is $337.44B and its shares have moved up 18.5% from its 52-week low. Shares of XOM are treading water today as last check was $66.27, up 0.11% for the day and volume at 7.20M shares traded. Live chart below.
You are reading http://wallstnation.com/Exxon-XOM-momentum-10262010