Exxon Mobil (XOM) - Get Report was upgraded today by TheStreet's quantitative service. Every day, I comb through the upgrades and downgrades from this valuable service to find examples where the charts and quantitative story are in agreement.

Some investors are strictly fundamentally driven. Some want to crunch numbers. I know many traders/investors who pay more attention to the charts, but I have no problem combining approaches.

In this daily bar chart of XOM, below, we can see prices have rallied above the 50-day moving average line, and its slope turned positive earlier this month. Prices have also crossed above the 200-day moving average and its slope is just turning flat from down. The daily On-Balance-Volume (OBV) line has been very strong the past two months, signaling some very aggressive buying. The Moving Average Convergence Divergence (MACD) oscillator moved above the zero line in September for an outright go-long signal.

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In this Point and Figure chart of XOM, below, we can see the recent upside breakout over $83.08. The chart indicates a potential or tentative upside price target of $98, which might be a little ambitious right now.

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Bottom line: With the charts and indicators improving on XOM, today's quantitative upgrade is welcomed. Aggressive traders could trade XOM from the long side, risking below $80.

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However, please note that our Quant Ratings service assesses stocks using a proprietary computer model that runs a variety of factors through quantitative and technical analysis. Ratings do not necessarily reflect the opinions of Jim Cramer or other columnists, who may use different criteria to grade stocks.

This column originally appeared at 3:24 p.m. ET today on Real Money, our premium site for active traders. Click here to get great columns like this from Bruce Kamich, Jim Cramer and other writers even earlier in the trading day.

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