Occidental (OXY) Offering Possible 5.26% Return Over the Next 28 Calendar Days

Occidental's most recent trend suggests a bullish bias. One trading opportunity on Occidental is a Bull Put Spread using a strike $47.50 short put and a strike $42.50 long put offers a potential 5.26% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $47.50 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $42.50 long put strike price.

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

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

The RSI indicator is at 55.99 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

Occidental Petroleum (OXY) Gains As Market Dips: What You Should Know
Wed, 17 Jul 2019 21:45:09 +0000
In the latest trading session, Occidental Petroleum (OXY) closed at $51.18, marking a +0.16% move from the previous day.

Top Analyst Reports for Southern Company, Prologis & Delta Air Lines
Wed, 17 Jul 2019 18:54:06 +0000
Top Analyst Reports for Southern Company, Prologis & Delta Air Lines

The Zacks Analyst Blog Highlights: Callon Petroleum, Carrizo Oil & Gas, McDermott International and Occidental Petroleum
Wed, 17 Jul 2019 12:02:12 +0000
The Zacks Analyst Blog Highlights: Callon Petroleum, Carrizo Oil & Gas, McDermott International and Occidental Petroleum

Oil & Gas Stock Roundup: Callon Petroleum's Acquisition, McDermott's Contract Wins & More
Tue, 16 Jul 2019 19:55:07 +0000
Shale producer Callon Petroleum (CPE) agreed to buy smaller E&P player Carrizo Oil & Gas (CRZO) for $3.2 billion, while McDermott International (MDR) clinched twin contracts from Saudi Aramco.

See what the IHS Markit Score report has to say about Occidental Petroleum Corp.
Tue, 16 Jul 2019 12:02:46 +0000
Occidental Petroleum Corp NYSE:OXYView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low and declining * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for OXY with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on June 25. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding OXY are favorable, with net inflows of $10.72 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. OXY credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

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