$84 Area Should Be Floor On XOM
May 9, 2008 10:44 PM
I haven’t commented on Exxon lately because there really has not been much to say. The gap has never filled, so I am far less than enthusiastic about the stock. If the market pushes through 1383 next week, which appears possible, and XOM spikes lower along with the market, it will tryand hold the $84 area. The gap down as never filled, so I am NOT a fan here. Wait for a spike lower to be long XOM, IMO.
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