Exxon (XOM) preview for March 26, 2015

XOM shares find resistance at their 20-DMA. This formation looks like a bearish flag at 1,5 year lows. Negative daily trend speaks for high probability of testing the 2-year low around $80. A close above $86 could change the short-term momentum into positive.

XOM daily (2 months):

xom2

Chart courtesy of http://www.StockCharts.com

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