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 $99.00 short call and a strike $104.00 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 $99.00 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 $104.00 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 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

US oil rig count growth stays on course last week
Fri, 12 Sep 2014 13:00:36 GMT

OCCIDENTAL PETROLEUM CORP /DE/ Files SEC form 8-K, Regulation FD Disclosure
Thu, 11 Sep 2014 21:21:27 GMT

Must-know: The relationship between oil production and oil rigs
Thu, 11 Sep 2014 13:01:16 GMT

UK merely slapped Occidental Petroleum on the wrist
Wed, 10 Sep 2014 23:14:13 GMT
Financial Times – From Mr Robert Simons. Sir, Sadly there has been an event that mirrored the Deepwater Horizon on this side of the Atlantic (Letters, September 10). The American-operated Piper Alpha exploded on July 6, …

Cramer: Time to Look at Oils Again
Mon, 08 Sep 2014 20:02:00 GMT

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