Exxon's good news boosts its stock:
* Last week, the company announced high operating profit in the third quarter.
* Analysts at Wells Fargo revised their forecasts for the quarter, raising their valuation of the oil corporation's shares from $109 to $116.
* Yesterday it became known that Exxon is negotiating the purchase of Denbury – an independent oil and gas company.
From a technical analysis, there is a small respite in the two-week growth.
Levels 103, 107.5 and 110.5 may be the next targets.
This content is for informational purposes only and is not intended to be investing advice.
