Exxon Mobil (XOM) has been trading better recently, and we have a gain of over 6% in our trading position including a dividend paid in February. However, the price of oil does not seem to want to go higher than $80, and economic woes in China may keep a lid on crude prices longer than I expected.
With the stock now trading over 2X the standard deviation of its 50-day moving average, a pullback is possible.
Sell XOM from our Value Trades Portfolio