ExxonMobil Could Be AcceleratingExxonmobil Holdings CorporationBATS:XOMTradeStationExxonMobil pulled back after rallying in the first quarter, and some traders may think it’s accelerating again. The first pattern on today’s chart is the series of lower highs since late March. The energy giant has returned to that falling trendline as oil rises. Could it break out? Second, prices bounced earlier this month at the rising 200-day simple moving average. That may reflect a bullish long-term trend. Next, MACD is rising and the 8-day exponential moving average (EMA) has crossed above the 21-day EMA. That may suggest short-term momentum is turning bullish. Finally, XOM is an active underlier in the options market. (Its average daily volume of 60,200 contracts ranks first among energy stocks in the S&P 500, according to TradeStation data.) That could help traders take positions with calls and puts. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com/DisclosureOptions. Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com/Important-Information/. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com/DisclosureTSCompanies for further important information explaining what this means.