Occidental (OXY) Offering Possible 5.04% Return Over the Next 31 Calendar Days

Occidental's most recent trend suggests a bearish bias. One trading opportunity on Occidental is a Bear Call Spread using a strike $82.50 short call and a strike $87.50 long call offers a potential 5.04% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $82.50 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock rose above the $87.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Occidental is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Occidental is bearish.

The RSI indicator is at 33.59 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Occidental

Weekly Top Insider Buys Highlight for the Week of Aug. 17
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Top Analyst Reports for Home Depot, UPS & Occidental Petroleum
Thu, 16 Aug 2018 14:48:02 +0000
Top Analyst Reports for Home Depot, UPS & Occidental Petroleum

The Zacks Analyst Blog Highlights: Occidental, Cheniere, Apache, Diamondback and Energen
Thu, 16 Aug 2018 11:35:11 +0000
The Zacks Analyst Blog Highlights: Occidental, Cheniere, Apache, Diamondback and Energen

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