Keep an eye on oversold shares of Exxon Mobil (XOM). After slipping with oil prices, the stock has become oversold at support.  Helping, the company just boosted its stock buyback program to $20 billion a year. Better, while investors wait for a potential recovery in the stock, they can collect XOM’s current yield of 3.74%.  

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Technically, XOM now sits at double bottom support dating back to July.  It’s also over-extended on RSI, MACD, and Williams’ %R. From a current price of $99.11, we’d eventually like to see XOM retest $108 near term.


Ian Cooper