Occidental Offering Possible 21.95% Return Over the Next 29 Calendar Days

Occidental's most recent trend suggests a bullish bias. One trading opportunity on Occidental is a Bull Put Spread using a strike $95.00 short put and a strike $90.00 long put offers a potential 21.95% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.00 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $4.10 would be incurred if the stock dropped below the $90.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Occidental is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Occidental is bullish.

The RSI indicator is at 73.22 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

Occidental Petroleum plans to make itself smaller
Fri, 18 Oct 2013 20:33:00 GMT
MarketWatch – Occidental Petroleum Corp. said Friday it will sell a minority stake in its Middle East and North Africa operations and consider its options to sell for some of its assets in the Rockies.

Occidental Petroleum: Will Proposed Restructuring Resolve Strategic Challenges?
Fri, 18 Oct 2013 20:01:08 GMT
Seeking Alpha – The leadership turmoil that Occidental Petroleum ( OXY ) went through earlier this year did not go by without results. The resolution of senior level executive conflicts seems to have paved the way for …

Occidental Petroleum Looks To Enhance Shareholder Value Through Various Asset Sales
Fri, 18 Oct 2013 19:24:54 GMT
Seeking Alpha – Occidental Petroleum ( OXY ) recently announced that it would pursue the sale of a minority stake in its Middle Eastern and North African operations and would also consider a number of options its Midcontinent …

OCCIDENTAL PETROLEUM CORP /DE/ Files SEC form 8-K, Other Events
Fri, 18 Oct 2013 17:17:57 GMT

Occidental Plans to Shed Assets
Fri, 18 Oct 2013 15:58:28 GMT
Fox Business – Occidental Petroleum plans to shed some of its assets and reduce its stake in Plains All-American Pipeline, taking its first steps as part of a strategic review.

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