Occidental (OXY) Offering Possible 33.69% Return Over the Next 15 Calendar Days

Occidental's most recent trend suggests a bearish bias. One trading opportunity on Occidental is a Bear Call Spread using a strike $77.50 short call and a strike $82.50 long call offers a potential 33.69% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $77.50 by expiration. The full premium credit of $1.26 would be kept by the premium seller. The risk of $3.74 would be incurred if the stock rose above the $82.50 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 above 80 which suggests that the stock is in overbought 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

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Tue, 01 May 2018 13:00:41 +0000
In 4Q17, 21 hedge funds bought CNX Resources (CNX) stock and 25 hedge funds sold CNX stock. In 4Q17, total selling hedge funds outnumbered total buying hedge funds by four. As of December 31, 2017, 36 hedge funds, which filed form 13F, held CNX in their portfolio. Out of these, four hedge funds have CNX in their top ten holdings.

Analyzing California Resources’ 1Q18 Revenue Expectations
Mon, 30 Apr 2018 15:45:02 +0000
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Mon, 30 Apr 2018 14:30:20 +0000
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Hedge Fund Activity with Marathon Oil Stock
Sat, 28 Apr 2018 13:00:53 +0000
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What to Expect from CNX Resources in 1Q18
Fri, 27 Apr 2018 20:40:02 +0000
For 1Q18, Wall Street analysts expect CNX Resources (CNX) to report revenues of ~$389 million. On a year-over-year basis, CNX’s 1Q18 revenues expectations are lower by ~44% when compared with 1Q17 revenues of ~$699 million. Sequentially, CNX Resources’ 1Q18 revenues expectations are lower by ~18% when compared with 4Q17 revenues of ~$477 million.

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