Nice technical multi-month cup and handle formation here for Exxon Mobil (XOM). Clean pattern with classic poke-through breakout and retest before pushing higher. As long as 86 holds (hypothetical stop area), this chart is looking good for more upside.
As indicated in the disclaimer below, I do not have a current position in XOM, but note that I may purchase a starter position in the next 24-48 hours.
Trade safe by having a plan, using scale, and incorporating stops. Discipline first. Have a great day.
More charts found here.
Exxon Mobil (XOM) stock chart as of intraday September 24, 2012. XOM technical breakout chart with support and resistance levels.
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No position in any of the securities mentioned at the time of publication.
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