Stock Of The Day: Can Exxon Mobil's Selloff Reverse At Critical Support Zone?

Oil is making a big move lower, with some analysts attributing the decline to Israel's decision not to target Iranian oil facilities. As a result, most oil stocks are also trending lower. For Exxon Mobil Corporation XOM, if shares continue to slide, there's a strong likelihood of finding support around the critical $109.50 level—a key support area in both June and September. This is why it's our Stock of the Day. In financial markets, price levels that previously acted as support often do so again due to wh ...