ExxonMobilStock is down 70% from the highs.
Wave structure implies more downside - approx. to $20/share.
Anyway, these are the price levels available at a huge long-term discounts, and may present an exclusive opportunity for long-term investors.
Historical dividend yield within the dividends aristocrats group of stocks.
0R1M trade ideas
XOM - Dividend Play?Cant help but put on a long position here while there is "blood in the street" so to speak. Seeing XOM below 60 in my mind is quite a bargain. And with the dividend at 6.5%, seems like a reasonable acquisition despite the negative news and low oil price.
On a chart perspective, XOM has exceeded the -3 standard deviation on a 40 month moving average several times in the past but each time, quickly managed to rebound back up to and above the 40 month moving average.