Stock Market Pick : XOM has now dropped to its 52 week low. I held XOM since 2001 and have received dividends along the way. At the moment, its trading well below its SMA 50 and SMA 200 which is considered by many as bearish. This stock may still offer a good upside but may take sometime to realize.
I remain long as I am still sitting on profits from entry at around the low 40’s. I think the dividends is too juicy to pass.
As a long term investor, I think holding it will yield returns better than other options.