Occidental (OXY) Offering Possible 6.84% Return Over the Next 27 Calendar Days

Occidental's most recent trend suggests a bearish bias. One trading opportunity on Occidental is a Bear Call Spread using a strike $72.50 short call and a strike $77.50 long call offers a potential 6.84% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $72.50 by expiration. The full premium credit of $0.32 would be kept by the premium seller. The risk of $4.68 would be incurred if the stock rose above the $77.50 long call 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 down which suggests that the medium-term momentum for Occidental is bearish.

The RSI indicator is at 23.62 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 4Q17 Operational Performance
Thu, 15 Feb 2018 21:25:02 +0000
Occidental Petroleum Turned Losses into Profits in 4Q17

Occidental Petroleum Reported Higher Revenues in 4Q17
Thu, 15 Feb 2018 19:55:02 +0000
Occidental Petroleum Turned Losses into Profits in 4Q17

Occidental Petroleum Turned Losses into Profits in 4Q17
Thu, 15 Feb 2018 18:21:52 +0000
Occidental Petroleum (OXY) announced its 4Q17 earnings on February 13, 2018, after the market closed. According to Occidental Petroleum’s earnings press release, it reported a better-than-expected profit of ~$313 million in 4Q17. Wall Street analysts expected a lower profit of ~$284 million. On a year-over-year basis, Occidental Petroleum turned profitable after a loss of ~$97 million in 4Q16.

Marathon (MRO) Q4 Earnings Beat on Oil Price, Production
Thu, 15 Feb 2018 13:37:01 +0000
Marathon Oil (MRO) set its 2018 capital spending budget at $3.2 billion and sees 12% production growth for the year.

This Shale Producer Won't 'Drill Baby Drill' But Still Sees Output Boost
Wed, 14 Feb 2018 21:05:41 +0000
Diamondback Energy said Wednesday it's not a "drill baby drill" company, but the shale producer still has big production and capital spending increases planned for this year.

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