Exxon Mobil Money Flow
June 16th, 2009
Today Exxon stock fell with the rest of the market, but investors seemed to be saying a rise was coming. Exxon stock was one of the money flow leaders in the Dow Jones with most buying on weakness. The up-down ratio was 151/100. This shows that the value of trades on the uptick was over 50 percent higher than those trading the oil company giant on the down tick. This is generally a bullish signal for Exxon and the oil market in general.
