Occidental (OXY) Offering Possible 10.62% Return Over the Next 30 Calendar Days

Occidental's most recent trend suggests a bullish bias. One trading opportunity on Occidental is a Bull Put Spread using a strike $100.00 short put and a strike $95.00 long put offers a potential 10.62% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $100.00 by expiration. The full premium credit of $0.48 would be kept by the premium seller. The risk of $4.52 would be incurred if the stock dropped below the $95.00 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 75.92 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

Why Occidental Petroleum Stock Is A Long-Term Investment Opportunity
Thu, 19 Jun 2014 10:26:12 GMT

How This Big Oil Company Will Grow Production by High Single-Digits
Wed, 18 Jun 2014 14:40:37 GMT

Occidental Petroleum Poised Evenly
Mon, 16 Jun 2014 21:20:05 GMT

Occidental Petroleum – Transformation Progress, Spiking Oil Prices Push Shares Above A $100
Sun, 15 Jun 2014 10:25:12 GMT

New Stock Coverage: With Iraq Aflame, Oil's Well at Occidental Petroleum
Fri, 13 Jun 2014 13:20:00 GMT

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