ExxonMobil Stock Navigates Death Cross: Market Signals Turn Bearish For The Oil Giant

ExxonMobil Corp. XOM may be pumping out oil, but its stock chart has hit a dry spell. What Happened: ExxonMobil stock is about to form a death cross — a bearish technical indicator where the 50-day moving average falls below the 200-day moving average. Chart created using Benzinga ProA Slippery Slope For XOM StockThe numbers don't lie: Exxon's stock price of $106.49 is firmly below its 20-day ($111.37), 50-day ($116.32), and 200-day ($116.24) simple moving averages. The Moving Average Convergence Divergence ...