Occidental Offering Possible 10.38% Return Over the Next 24 Calendar Days

Occidental's most recent trend suggests a bearish bias. One trading opportunity on Occidental is a Bear Call Spread using a strike $100.00 short call and a strike $110.00 long call offers a potential 10.38% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $100.00 by expiration. The full premium credit of $0.94 would be kept by the premium seller. The risk of $9.06 would be incurred if the stock rose above the $110.00 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 54.95 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Occidental

I'm Waiting For Occidental To Yield A Bit More
Wed, 23 Oct 2013 15:38:48 GMT
Seeking Alpha – Occidental Petroleum Corporation ( OXY ) is an oil & gas production company, which operates in three segments: Oil & Gas, Chemical, and Midstream, Marketing and Other. On July 30, 2013, the company reported …

Why Is Occidental Selling These Assets?
Wed, 23 Oct 2013 15:35:05 GMT
Motley Fool – Is Occidental Petroleum making the right move by putting some of its Middle Eastern and North American assets up for sale?

Credit Suisse Sells Note Tied to Occidental Petroleum
Tue, 22 Oct 2013 21:46:58 GMT
Bloomberg – Credit Suisse Group AG sold $46 million of one-year notes tied to Occidental Petroleum Corp., the largest offering linked to the biggest oil producer in the contiguous U.S. in at least three years.

OXY Down on Strategic Review Plans
Tue, 22 Oct 2013 16:50:04 GMT
Zacks – Occidental Petroleum Corporation announced the initial phase of strategic review to streamline its existing operations.

Weak jobs report signals longer Fed easing
Tue, 22 Oct 2013 14:50:12 GMT
CNBC – The Fed is expected to keep easing at full throttle well into next year, after September's tepid jobs report showed the impact of a painfully slow growing economy on employment.

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