Exxon Mobil Momentum Trade Call

22 days ago

Joe

"Exon Mobile hit a 52-W week high, broke 120. All right, this stock has knocked on that ceiling technical resistance level. Just broke out with crude under 58 a barrel. It's telling me something that this stock has room to run. And then if you're looking for something from a riskreward point of view, this is a good name to be in because my downside risk if it breaks 120 117, I'll get out."

The speaker highlights Exxon Mobil's breakout after hitting a 52-week high and breaking a key resistance level at 120, suggesting a momentum trade. He emphasizes a favorable risk-reward setup by planning to exit if the stock falls to between 117 and 120, indicating a bullish stance on the stock's short-term movement.

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