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Is XOM poised for a breakout? Bollinger Band Squeeze shows up after sinking 0.97%
XOM closed down 0.97% on Friday, September 19th, with volume running 2.7× above average. The unusually high volume suggests institutional participation in today's move. Bollinger Band Squeeze — typically a warning sign for traders — developed during the session. Key support levels exist at 112.37, 111.91 & 111.11, with resistance at 113.63, 114.43 & 114.89.
Current SwingTradeBot Technical Rating of XOM: C
This might just be the start. See what else showed up for XOM today.
Read full article here »