Occidental (OXY) Offering Possible 17.1% 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 $96.00 short call and a strike $101.00 long call offers a potential 17.1% 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 $96.00 by expiration. The full premium credit of $0.73 would be kept by the premium seller. The risk of $4.27 would be incurred if the stock rose above the $101.00 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 39.65 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

Oxy sale of Bakken assets would make strategic sense -analysts
Tue, 07 Oct 2014 22:01:14 GMT

OCCIDENTAL PETROLEUM CORP /DE/ Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct F
Tue, 07 Oct 2014 20:26:29 GMT

Occidental Petroleum 3rd Quarter 2014 Results to be Announced October 23, 2014; California Resources to Hold First Earnings Call on October 22, 2014
Tue, 07 Oct 2014 13:00:00 GMT
Business Wire – Occidental Petroleum Corporation will hold a conference call on Thursday, October 23, 2014, at 10 a.m. Eastern following the release of its third-quarter 2014 financial results.

Occidental looks to sell North Dakota assets for $3 bln -Bloomberg
Tue, 07 Oct 2014 00:20:32 GMT

Occidental Said to Seek Buyer for $3 Billion Bakken Oil Business
Mon, 06 Oct 2014 22:31:19 GMT

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