Occidental's most recent trend suggests a bearish bias. One trading opportunity on Occidental is a Bear Call Spread using a strike $90.00 short call and a strike $95.00 long call offers a potential 7.99% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $90.00 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock rose above the $95.00 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 43.29 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Occidental
Is Occidental's Spinoff Hurting the Company?
Tue, 18 Nov 2014 17:55:14 GMT
Occidental California Spinoff Trading at $3.5 Billion
Mon, 17 Nov 2014 10:00:00 GMT
UPDATE: Credit Suisse Reiterates On Occidental Petroleum Ahead Of CRC Demerge
Fri, 14 Nov 2014 15:25:59 GMT
Playing oil's price drop: 22 trades, 79 seconds
Fri, 14 Nov 2014 01:06:39 GMT
U.S. court refuses to hold Occidental liable in Colombia bombing
Wed, 12 Nov 2014 18:05:22 GMT
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