Exxon Mobil Stock on the Move: Why a 30% Surge Is Just the Start

Exxon Mobil NYSE: XOM is still a cheap stock, but the value won’t last long. Technically speaking, the market has broken a significant resistance point and is on track to hit the $138 level soon and $200 over the next 12 to 24 months.Exxon Mobil TodayXOMExxon Mobil$125.36 +0.53 (+0.42%) 52-Week Range$95.77▼$126.34Dividend Yield3.03%P/E Ratio15.36Price Target$134.18Add to WatchlistRegarding valuation, trading at 15x earnings with earnings growing and expected to continue growing is undervalued, putting XOM s ...