Exxon Mobil (XOM) is pulling back from its recent zenith. Let's check out the charts for the short and long-term risks.
In this daily bar chart of XOM, below, we can see prices have pulled back around $20 from its early June peak. Prices are so far holding the $85 area but prices are trading below the 50-day moving average line. The slope of the line is flat/neutral but it could soon turn negative. The 200-day line is still rising and intersects around $75.