Traders, Investors Alike Should Pop Into Exxon Mobil

by Sam Collins | October 5, 2012 3:00 am

Exxon Mobil (NYSE:XOM[1]) — This is the world’s largest publicly owned oil company. Formed in 1999 through the merger of Exxon and Mobil, the combined company has been paying dividends for 130 years, and it currently yields 2.49%. Earnings are expected to improve to $8.18 in 2013, up from $7.58 in 2012.

A close above the current resistance line at $92.50 should propel this long-term dividend payer to $98. Support is at the intermediate uptrend line and 50-day moving average at $89. Both traders looking for a quick pop and long-term buyers looking for a secure dividend should buy XOM at the current price.

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Trade of the Day Chart Key

  1. XOM:

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