Exxon (XOM) preview for March 27, 2015

XOM shares were rejected by their 20-DMA. The bearish flag channel support broke down and the negative daily trend speaks for a high probability of testing the 2-year low around $80. Only a close above $86 could change the short-term momentum into positive.

XOM daily (3 months):

xom4

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

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