Occidental Offering Possible 7.99% Return Over the Next 11 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 7.99% return on risk over the next 11 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 $0.37 would be kept by the premium seller. The risk of $4.63 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 30.37 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Occidental

Citi puts $22 billion price tag on Occidental's Middle-Eastern ops
Tue, 10 Dec 2013 20:10:00 GMT
MarketWatch – Analysts say Occidental Petroleum Corp.'s operations in the Middle East and North Africa could be worth as much as $22 billion, as three state-controlled Gulf firms have expressed interest in those assets….

[$$] Consortium Bidding on Part of Occidental Mideast Businesses
Mon, 09 Dec 2013 18:53:22 GMT
The Wall Street Journal – A consortium of national oil companies from Persian Gulf nations are making a bid to buy a portion of Occidental's Middle East businesses, according to a person familiar with the matter.

Exclusive: Gulf firms consider bid for Occidental MidEast stake – sources
Mon, 09 Dec 2013 18:35:50 GMT
Reuters – Three state-owned Gulf firms are considering a joint bid for a minority stake in Occidental Petroleum Corp's (OXY) Middle East and North Africa (MENA) unit, a deal that could be worth between $8 billion and $10 billion, three banking sources said. Abu Dhabi's Mubadala Development Co (MUDEV.UL), Qatar Petroleum (QATPE.UL) and Oman Oil Co have formed a consortium and have picked Citigroup (NYS:C) to advise them, the sources with knowledge of the matter said on Monday. Occidental, the fourth-largest U.S. oil company, said in October it planned to sell a minority stake in its MENA operations as part of a restructuring meant to lift its valuation. Occidental and Qatar Petroleum were not immediately available for comment, while Citi and Mubadala declined to comment.

Exclusive: MidEast state firms team up to bid for stake in Occidental unit – sources
Mon, 09 Dec 2013 15:04:33 GMT

ModernGraham Valuation Of Occidental Petroleum
Fri, 06 Dec 2013 17:41:48 GMT
Seeking Alpha – Here is a look at how Occidental Petroleum ( OXY ) fares in ModernGraham's opinion, based on an updated and modernized version of Benjamin Graham's requirements of defensive and enterprising investors …

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