Occidental (OXY) Offering Possible 16.01% Return Over the Next 17 Calendar Days

Occidental's most recent trend suggests a bearish bias. One trading opportunity on Occidental is a Bear Call Spread using a strike $89.00 short call and a strike $94.00 long call offers a potential 16.01% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $89.00 by expiration. The full premium credit of $0.69 would be kept by the premium seller. The risk of $4.31 would be incurred if the stock rose above the $94.00 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 50.07 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

Lightning Round: Time to pull the trigger
Thu, 06 Nov 2014 00:39:48 GMT

Historic Flame Out In Energy Stocks
Wed, 05 Nov 2014 18:04:24 GMT

10-Q for Occidental Petroleum Corp.
Tue, 04 Nov 2014 00:08:29 GMT

Prepared for Nov.? Here's what pros are buying
Fri, 31 Oct 2014 21:53:37 GMT

OCCIDENTAL PETROLEUM CORP /DE/ Files SEC form 10-Q, Quarterly Report
Fri, 31 Oct 2014 10:01:06 GMT

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