ARTICLE SYNOPSIS...After a stellar run in 2004, ExxonMobil began a long consolidation period that traced out a bullish ascending triangle.
ARTICLE SYNOPSIS...A bullish consolidation pattern could lead to much higher prices for ExxonMobil, but traders should wait for confirmation before going long.
ARTICLE SYNOPSIS...As expected, ExxonMobil Corp. has proceeded higher after last December's channel breakout. Oddly enough, the stock has formed another bullish trading range, indicating more upside potential in the near-term.
ARTICLE SYNOPSIS...ExxonMobil stock has enjoyed a steady uptrend for more than 17 weeks now, but a pullback is likely due soon.
ARTICLE SYNOPSIS...Now that shares of ExxonMobil have moved above recent highs, what's next for the stock price of this global energy giant?