Chart above shows Head and Shoulder pattern with a descending neckline. Target price for XOM is 71.39.
Keeping the dividend at current level might keep the Bulls happy for now, but the weight of falling oil will eventually take XOM lower.
After Earnings Feb. 02 you could buy 70 April Puts.
Keeping the dividend at current level might keep the Bulls happy for now, but the weight of falling oil will eventually take XOM lower.
After Earnings Feb. 02 you could buy 70 April Puts.
