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 18.76% return on risk over the next 37 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 $0.79 would be kept by the premium seller. The risk of $4.21 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 at 40.02 level which suggests that the stock is neither overbought nor oversold at this time.
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Occidental Petroleum 4th Quarter 2013 Results to be Announced January 30, 2014
Tue, 14 Jan 2014 17:38:50 GMT
noodls – LOS ANGELES–(BUSINESS WIRE)–Occidental Petroleum Corporation (NYSE:OXY) will hold a conference call on Thursday, January 30, 2014 at 10 a.m. Eastern, following the release of its fourth quarter 2013 …
Occidental Petroleum 4th Quarter 2013 Results to be Announced January 30, 2014
Tue, 14 Jan 2014 14:00:00 GMT
Business Wire – Occidental Petroleum Corporation will hold a conference call on Thursday, January 30, 2014 at 10 a.m. Eastern, following the release of its fourth quarter 2013 financial
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