Will Chart Analysts Notice Bad Omen on Exxon Mobil's Chart
Portfolio Pulse from Benzinga Insights
A 'death cross' has formed on Exxon Mobil's (NYSE:XOM) chart, which could indicate a bearish trend for the stock. This occurs when the 50-day moving average moves below the 200-day average, suggesting a potential change in the long-term trend. Exxon Mobil's past and upcoming earnings expectations were also discussed.
June 30, 2023 | 2:48 pm
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The formation of a 'death cross' on Exxon Mobil's chart could indicate a bearish trend for the stock, potentially impacting its short-term price.
The 'death cross' is a technical indicator that suggests a bearish trend for a stock. It occurs when the 50-day moving average moves below the 200-day average, indicating a potential change in the long-term trend. This could lead to a decrease in Exxon Mobil's stock price in the short term.
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