OptionsPlay DailyPlay

The bearish DailyPlay we chose for Wednesday September 30th is Exxon Mobile Corp (XOM). XOM is part of the Energy Sector (XLE). Over the last month, XLE has experienced a 8.93% move lower and is near it’s 52-week low today as both the 1m and 6m trends remain bearish since late May.

Exxon Mobile Corp’s 1m and 6m trends have been bearish since May and has struggled to break above its $73.80 resistance level. With a technical score of 5 (out of 10), XOM looks positioned to continue this strong bearish trend lower towards it’s 52-week low of $66.55.

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