MSFT has broken out of a diagonal trend that started on December 29th of last year. This also coincided with a break of 53 that had previously been tested 3 times in the last 30 days. Today MSFT found nice support on a retest of 53. Stock looks poised for a move back to 55 and then the 52 week high after that.
XOM breaking out of a trendline from late July. It has cleared the 50, 100, and 200 SMA Higher lows on the Daily also suggest a possible reversal. If there is a pullback towards the trendline it will allow a decent risk/reward on a long entry.
