Occidental (OXY) Offering Possible 5.71% Return Over the Next 8 Calendar Days

Occidental's most recent trend suggests a bearish bias. One trading opportunity on Occidental is a Bear Call Spread using a strike $102.00 short call and a strike $107.00 long call offers a potential 5.71% 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 $102.00 by expiration. The full premium credit of $0.27 would be kept by the premium seller. The risk of $4.73 would be incurred if the stock rose above the $107.00 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 32.95 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 Announces New Executive Management Responsibilities
Fri, 11 Jul 2014 12:35:39 GMT
noodls – HOUSTON–(BUSINESS WIRE)–Occidental Petroleum Corporation (NYSE: OXY) today announced new executive management responsibilities following the recent appointment of leadership for the company's California …

Occidental Petroleum Announces New Executive Management Responsibilities
Fri, 11 Jul 2014 11:00:00 GMT
Business Wire – Occidental Petroleum Corporation today announced new executive management responsibilities following the recent appointment of leadership for the company’s California R

Occidental Petroleum Announces California Resources Corporation Leadership; Names Todd A. Stevens as President and CEO and William E. Albrecht as Executive Chairman
Fri, 11 Jul 2014 00:31:20 GMT
noodls – HOUSTON–(BUSINESS WIRE)–Occidental Petroleum Corporation (NYSE: OXY) today announced the leadership team for its subsidiary California Resources Corporation (CRC), appointing Todd A. Stevens as President …

Occidental names veteran exec as California unit CEO
Thu, 10 Jul 2014 21:29:14 GMT

Occidental Petroleum Announces California Resources Corporation Leadership; Names Todd A. Stevens as President and CEO and William E. Albrecht as Executive Chairman
Thu, 10 Jul 2014 20:00:00 GMT
Business Wire – Occidental Petroleum Corporation today announced the leadership team for its subsidiary California Resources Corporation , appointing Todd A. Stevens as President and Chief Executive Officer, and William E.

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