Occidental (OXY) Offering Possible 23.76% Return Over the Next 30 Calendar Days

Occidental's most recent trend suggests a bullish bias. One trading opportunity on Occidental is a Bull Put Spread using a strike $90.00 short put and a strike $85.00 long put offers a potential 23.76% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $90.00 by expiration. The full premium credit of $0.96 would be kept by the premium seller. The risk of $4.04 would be incurred if the stock dropped below the $85.00 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 39.16 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 Petroleum’s Profit Falls 24%
Fri, 24 Oct 2014 04:47:29 GMT
The Wall Street Journal – Occidental Petroleum’s profit fell 24% as oil prices slumped, offering a preview of how Chevron, Exxon and other oil companies will be affected by cheaper crude.

How Will Occidental (OXY) Stock React Today to Lower Quarterly Earnings Results?
Thu, 23 Oct 2014 18:21:00 GMT

Occidental Petroleum's Q3 Earnings Hit by Lower Oil Prices
Thu, 23 Oct 2014 17:20:06 GMT

Pisani's midday check: Melt up
Thu, 23 Oct 2014 17:01:00 GMT

Industry most impacted by drought
Thu, 23 Oct 2014 16:46:00 GMT

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