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 27.55% return on risk over the next 8 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 $1.08 would be kept by the premium seller. The risk of $3.92 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 at 22.89 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
Use The Drop In Oil Prices To Boost Retirement Income
Sat, 13 Dec 2014 20:09:00 GMT
The Future Of Fracking Is Cleaner, Cheaper And Easier With Plasma
Thu, 11 Dec 2014 13:36:40 GMT
OPEC slashes oil production estimate; crude slumps again
Wed, 10 Dec 2014 21:46:40 GMT
How Oil Trading ‘God' Made Money on Crude's Plunge
Wed, 10 Dec 2014 11:18:09 GMT
How Oil Trading ’God’ Hall Made Money on Crude's Plunge
Wed, 10 Dec 2014 03:13:55 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook