Occidental Offering Possible 10.62% Return Over the Next 32 Calendar Days

Occidental's most recent trend suggests a bearish bias. One trading opportunity on Occidental is a Bear Call Spread using a strike $95.00 short call and a strike $100.00 long call offers a potential 10.62% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $95.00 by expiration. The full premium credit of $0.48 would be kept by the premium seller. The risk of $4.52 would be incurred if the stock rose above the $100.00 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 below 20 which suggests that the stock is in oversold territory.

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

Anadarko Petroleum: No Resolution, No Upside
Mon, 16 Dec 2013 20:01:00 GMT
Barrons.com – The uncertainty surrounding Anadarko Petroleum's (APC) shares, however, is a result of a merger with Kerr-McGee–and they're likely to stick around for a while. Last week, a judge ruled that Anadarko is on the hook for at least $5 billion or as much as $14 for cleanup related to Tronox, which was spun out of Kerr-Mcgee before the acquisition. That caused Anadarko's shares to fall 9.4% last week, well more than the losses in ConocoPhillips (COP), Occidental Petroleum (OXY), EOG Resources (EOG)and Apache (APA). RBC Capital Market's Scott Hanold and team explain that Anadarko investors are splitting the difference: At current prices, we think APC shares assume a $8–9 billion resolution in the Tronox case.

Drilling For Dividends With Occidental Petroleum
Fri, 13 Dec 2013 23:34:36 GMT
Seeking Alpha – The last time I wrote about Occidental Petroleum Corporation ( OXY ) I did not buy anymore shares stating that I saw bearish technicals. The stock is down 6.73% excluding the dividend (-6.06% including …

Dark Days for Anadarko Petroleum Could Drag On
Fri, 13 Dec 2013 16:18:00 GMT
Barrons.com – These are dark days for Anadarko Petroleum (APC). The oil-exploration company, which has lagged competitors like EOG Resources (EOG), Noble Energy (NBL), Apache (APA) and Occidental Petroleum (OXY) is off 0.5% to $90.82 this year, made a bet that it would win a cleanup liability case in court, rather than make a deal. The Wall Street Journal has the details: A U.S. bankruptcy judge ruled Anadarko Petroleum Corp. could be liable for at least $5 billion in a lawsuit over environmental and legal liabilities related to its 2006 acquisition of Kerr-McGee Corp… Judge Allan L. Gropper said Anadarko could have to pay damages of between $5.2 billion and $14.2 billion in his opinion. The deal came a short time after Kerr-McGee rid itself of liabilities from its chemicals business, which eventually was spun off into a new company called Tronox Inc. Anadarko had explored buying Kerr-McGee in 2002, but walked away because of its environmental liabilities, according to Judge Gropper's ruling.

Where ConocoPhillips Plans to Spend its Money
Fri, 13 Dec 2013 13:50:29 GMT
Motley Fool – A closer look at how ConocoPhillips plans to allocate its 2014 capital budget.

Merrill Lynch’s Top Energy Stocks to Buy for 2014
Fri, 13 Dec 2013 13:40:34 GMT
24/7 Wall St. – While many on Wall Street are predicting a possible slide in West Texas Intermediate (WTI) pricing for next year, the energy team at Merrill Lynch is reasonably bullish. Some firms see a fall to as low …

Related Posts

 

MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.


This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.


The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The www.MarketTamer.com educational training program and software services are provided to improve financial understanding.


The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.