Occidental (OXY) Offering Possible 18.76% Return Over the Next 30 Calendar Days

Occidental's most recent trend suggests a bearish bias. One trading opportunity on Occidental is a Bear Call Spread using a strike $75.00 short call and a strike $80.00 long call offers a potential 18.76% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $75.00 by expiration. The full premium credit of $0.79 would be kept by the premium seller. The risk of $4.21 would be incurred if the stock rose above the $80.00 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 below 20 which suggests that the stock is in oversold territory.

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

US Crude Oil Rig Count Drops to Lowest Number since March 2011
Tue, 17 Mar 2015 20:06:02 GMT

Socar hires UK-based oil trading team from Phibro
Tue, 17 Mar 2015 17:53:37 GMT
Financial Times – Azerbaijan's state-owned oil company Socar has expanded its operations in London and has hired traders from Phibro, the trading group that Occidental Petroleum is shutting down. Socar on Tuesday said it …

Azeri SOCAR hires Phibro traders to expand London team
Tue, 17 Mar 2015 10:42:06 GMT

Murphy Oil (MUR) Subsidiary Sells UK Assets to Puma Energy – Analyst Blog
Mon, 16 Mar 2015 20:20:08 GMT

Increase in Refinery Activity Moderates the Crude Inventory Build
Mon, 16 Mar 2015 15:05:59 GMT

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