Occidental (OXY) Offering Possible 20.77% Return Over the Next 12 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 20.77% return on risk over the next 12 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 $0.86 would be kept by the premium seller. The risk of $4.14 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 52.33 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

Occidental Earnings Increased From Last Year By Good Fortune
Tue, 06 May 2014 11:05:57 GMT

US STOCKS-Wall St ends up as ISM data upbeat; Apple above $600
Mon, 05 May 2014 20:41:08 GMT

Occidental Petroleum's (OXY) CEO Steve Chazen on Q1 2014 Results – Earnings Call Transcript
Mon, 05 May 2014 20:16:10 GMT
Seeking Alpha – And welcome to the Occidental Petroleum Corporation First Quarter Earnings Conference Call. On the call with us this morning from Houston are Steve Chazen, Oxy’s President and Chief Executive Officer; Our CEO Steve Chazen, will then provide an update on the progress of our strategic initiatives and also some comments on the composition of the remaining Oxy after the separation of our California business. Vicki Hollub, will then conclude the call with an update of our activities in the Permian Basin.

Occidental EPS Tops On Prices; Sanchez, EOG On Tap
Mon, 05 May 2014 18:50:00 GMT

Occidental Beats on Earnings, Misses Revs
Mon, 05 May 2014 16:10:11 GMT

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