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Exxon Mobil (NYSE: XOM) has quietly held its own in a tough market of late.
Record oil prices have kept the big oil stocks from falling apart altogether, as demand remains stable enough to allow companies to pass through the rising costs of fuel to consumers.
With Russia's oil output starting to flatten out, and Saudi Arabia reportedly keeping significant finds from working their way into production, it seems as if for now, high prices for oil are not going to change much.
And with driving season around the corner, it looks as if investors are again starting to be on big oil's ability to make money.
That means that keeping an eye on Exxon seems like a good idea. The stock is cradling the 90 area, but has quietly moved back above its 200 day moving average.
Our energy section has several open positions that are showing significant amounts of relative strength.
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