Exxon Mobil Leads The Oil Sector: Have Both Peaked?

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Article by Kate Stalter

It’s pretty easy to find stocks in freefall these days, especially in sectors like technology and travel and leisure, but energy giant Exxon Mobil (XOM) is correcting in an orderly fashion.

Before examining its current base, let’s review its performance over recent time frames:

• Year to date: +47.13 percent
• Three months: +1.58 percent
• One month: +2.50 percent

Yes, you read that right. Throughout all those rolling time periods, Exxon Mobil has notched gains. That’s despite a correction in the stock that began on June 9. It fell to a structure low of $83.14 on July 14, a peak-to-trough decline of 21 percent.