Question: why is xom going down?
Answer: Exxon stock has a dismal IBD Composite Rating of 10 out of 99 and a poor 25 EPS Rating. As with other oil stocks to buy and watch, Exxon stock will rise and fall with crude oil prices. So even when Exxon looks good based on fundamentals and technicals, crude oil prices may suddenly plunge, taking XOM stock down too.