Occidental Offering Possible 11.36% Return Over the Next 8 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 8 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 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

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 …

1 Company's Restructuring is Sure to Please Investors
Wed, 11 Dec 2013 18:28:04 GMT
Motley Fool – Occidental Petroleum, like peers ExxonMobil and BP, is shedding assets in risky parts of the world. But Occidental Petroleum's focus on capitalizing from the boom in domestic oil and gas separates it from …

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