The world’s largest publicly-traded energy company has been on the rise over the past few months, taking a smooth ride from $70 in March to break the $90 barrier last week. The stock is now trading at just over $92 but should go higher still given the likelihood of further oil price hikes. OPEC has cut back production and crude oil prices are trading at pretty close to the record peaks of last summer.

Brent currently sits at over £77 a barrel and some experts believe it could hit $100. Exxon is due to release record earnings on Thursday. Tom Hougaard, chief market strategist at City Index, reveals to Shares how he was once taught an odd trading rule. When a stock breaks the $91.25, the chances it will reach $100 are close to 100%. We’re confident of putting this to the test.

ACTION: BUY Exxon Mobile • Target $100 • Stop loss $87

TIME TARGET: 5 WEEKS