Occidental Offering Possible 11.36% Return Over the Next 29 Calendar Days

Occidental's most recent trend suggests a bearish bias. One trading opportunity on Occidental is a Bear Call Spread using a strike $92.50 short call and a strike $97.50 long call offers a potential 11.36% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $92.50 by expiration. The full premium credit of $0.51 would be kept by the premium seller. The risk of $4.49 would be incurred if the stock rose above the $97.50 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 30.03 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

How trader is handling Occidental
Thu, 23 Jan 2014 08:16:13 GMT
optionMONSTER – Occidental Petroleum has struggled, but one investor is giving it a chance. optionMONSTER's Heat Seeker monitoring program detected the purchase of 2,700 January 2015 90 calls for $6.89 and the sale of …

Occidental And Kraft Are Value Dividend Stocks To Keep Your Eye On
Tue, 21 Jan 2014 22:19:37 GMT
Seeking Alpha – Earnings season is upon us. This is the time of year where companies tell us how they did for the past three months and tell us how they expect to do for the upcoming three months or sometimes year. The …

UAE's Shah gas project now seen online early 2015-ADNOC
Mon, 20 Jan 2014 10:03:11 GMT
Reuters – The United Arab Emirates' Shah gas project will not be operational until early 2015, the head of the Abu Dhabi National Oil Company (ADNOC) said on Monday, confirming the multi-billion dollar development was behind schedule. Abu Dhabi energy officials have previously said the project to produce usable gas from Shah's high-sulphur reserves would be completed in late 2014. But ADNOC Chief Executive Abdulla Nasser Al Suwaidi said the multi-billion dollar project with U.S.-based Occidental Petroleum was likely to come onstream next year.

Trade-Ideas: Occidental Petroleum Corporation (OXY) Is Today's “Roof Leaker” Stock
Fri, 17 Jan 2014 15:19:00 GMT
TheStreet – Trade-Ideas LLC identified Occidental Petroleum Corporation (OXY) as a “roof leaker” (crossing below the 200-day simple moving average on higher than normal relative volume) candidate

Two Energy Stocks to Buy on the Dip
Wed, 15 Jan 2014 18:40:00 GMT
Minyanville – Both companies are trading above their 200-day moving averages, implying they are both in longer-term uptrends.

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