1XOM trade ideas
XOM - Dividend Play?Cant help but put on a long position here while there is "blood in the street" so to speak. Seeing XOM below 60 in my mind is quite a bargain. And with the dividend at 6.5%, seems like a reasonable acquisition despite the negative news and low oil price.
On a chart perspective, XOM has exceeded the -3 standard deviation on a 40 month moving average several times in the past but each time, quickly managed to rebound back up to and above the 40 month moving average.
ExxonPlease people wait for triggers on exxon..if your a trader take the swing trading triggers..BUT if your wanting to try and put this away for the next couple years for an investment, please wait for the 5/13 EMA on the daily to cross. We use different triggers for different things. you gotta figure out why your buying the stock before just getting in. Please be patient for triggers