Many of the major and leading energy stocks are declining sharply lower this morning. Exxon Mobil Corp.(NYSE:XOM) is the largest integrated energy stock in the stock market with a market capitalization of $426 billion. This leading energy stock is declining lower by 0.72 cents to $84.00 a share. Exxon Mobil stock will have intra-day support around the $83.75 level and more around the $83.50 area.
ConocoPhillips(NYSE:COP) is another leading integrated energy stock that is declining sharply this morning. This stock has actually been one of the stock market leaders making a new 52 week high yesterday at $81.00 a share. Today COP stock is declining by $1.49 to $77.70 a share. The stock should have intra-day support around the $77.00 level and more around the $76.50 level.
Suncor Energy Inc.(NYSE:SU) has also been a market leader as of late making a new 52 week high yesterday at $48.53 a share. This leading energy stock is declining lower today by $1.37 to $45.54 a share. Traders can watch for intra-day support around the $45.00 level and more around the $44.60 area. All support levels could see small bounces on an intra-day basis.
Nicholas Santiago
InTheMoneyStocks.com
