03-06-2017, 09:32 AM
XOM Long-Term Chart (1993-2017)
The stock cleared the 1987 high at $12.53 in 1991 and entered a shallow uptrend that lifted into a more vertical trajectory in 1995. It posted outstanding gains into the 2000 high at $47.48 and rolled over, joining the broad stock universe in the Dot.com bear market. The downtrend finally bottomed out in July 2002 at a 4-year low in the upper-20s, ahead of a recovery wave that took more than two years to reach resistance at the prior high.
Read more: The Future Looks Bright for Exxon Mobil (XOM) | Investopedia http://www.investopedia.com/stock-analysis/cotd/030117/future-looks-bright-exxon-mobil-xom-xom.aspx#ixzz4aUtqA1iT