Dave Canal's blog

This week we take a look at the most widely owned stock in the equity marketplace, Exxon Mobil (XOM).  Since the March low, most Energy stocks have performed inline or better than the market, but with some exceptions.  The key energy laggards have been within the integrated oil and gas industry group and the most noteworthy is Exxon Mobil.   This large cap behemoth has struggled mightly to keep pace with the market's linear advance off the March '09 lows, and as a result, carries a bearish signal in our work.