XOM Stock Price Analysis Indicates “Strong Buy” Technical Rating

XOM Stock Price Analysis Indicates “Strong Buy” Technical Rating

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XOM stock price opposed last week’s price performance with the recent bulls’ support.
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Since last week, XOM stock price dropped nearly 1.44%.
Exxon Mobil Corp. (XOM) stock price showed a bullish trend in its pre-market trading session which shows a “strong buy” technical rating in one day. Out of 45 similar industry stocks, XOM stock price showed a maximum price gain in one day of 1.51%. It must be noted that this bullish trend in its price was due to increased volume activity which is 16.224 Million.

Besides XOM stock, Suncor Energy Inc. (NYSE: SU), Imperial Oil Ltd (NYSEAMERICAN: IMO), and Denbury Inc. (NYSE: DEN) also show similar technical ratings. As the above chart shows, by indicating a “strong buy” technical rating” SU stock, IMO stock and DEN stock prices have noted 1.44%, 1.48%, and 1.65% increase in one day, respectively.
Will XOM Price Reach $111.00?
According to the last update on August 18, 2023, Friday’s trading sessio

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