Occidental's most recent trend suggests a bullish bias. One trading opportunity on Occidental is a Bull Put Spread using a strike $87.50 short put and a strike $82.50 long put offers a potential 22.85% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.50 by expiration. The full premium credit of $0.93 would be kept by the premium seller. The risk of $4.07 would be incurred if the stock dropped below the $82.50 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 41.33 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Occidental
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Fri, 07 Nov 2014 22:50:04 GMT
US STOCKS-Dow, S&P hit records in volatile trading
Thu, 06 Nov 2014 19:43:27 GMT
Reuters – UK Focus – * Genworth and Qualcomm (Swiss: QCOM.SW – news) slump following results Weak results from Qualcomm pressured chipmakers. ECB President Mario Draghi indicated support for additional measures to bolster the euro zone economy if necessary and said the ECB governing council was unanimous in its commitment to using unconventional measures. Draghi “brought more clarity but there's still more to come out, and it isn't healthy to focus on hopes for stimulus instead of fundamentals,” said Michael O'Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut.
US STOCKS-Dow, S&P hit records in volatile trading
Thu, 06 Nov 2014 18:37:41 GMT
OCCIDENTAL PETROLEUM CORP /DE/ Financials
Thu, 06 Nov 2014 18:04:32 GMT
US STOCKS-Dow, S&P hit records in volatile trading
Thu, 06 Nov 2014 17:52:54 GMT
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