Thinking of shares of Exxon Mobil in recent times immediately comes to mind long-term downward trend. However, the course in October strongly has moved up. Bulls broken the trend line and the resistance level around 83.50 USD. The course stopped around $ 86 , at the top of May and June. At the moment share price can lead to correction, but if course breaks this level it will open the road to $ 90 per share , which is the peak of early May.
The company at the end of October showed very good financial results for the third quarter. Both earnings per share and revenues were better than expected . However, the revenues fallen year to year by 37 % , although the news have been accepted very well. The company achieved these results , because the low threshold of profitability in mining operations.
