Occidental’s most recent trend suggests a bullish bias. One trading opportunity on Occidental is a Bull Put Spread using a strike $95.00 short put and a strike $90.00 long put offers a potential 26.26% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.00 by expiration. The full premium credit of $1.04 would be kept by the premium seller. The risk of $3.96 would be incurred if the stock dropped below the $90.00 long put 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 up which suggests that the medium-term momentum for Occidental is bullish.
The RSI indicator is at 63.72 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Occidental
Credit Suisse Sells Note Tied to Occidental Petroleum
Tue, 22 Oct 2013 21:46:58 GMT
Bloomberg – Credit Suisse Group AG sold $46 million of one-year notes tied to Occidental Petroleum Corp., the largest offering linked to the biggest oil producer in the contiguous U.S. in at least three years.
OXY Down on Strategic Review Plans
Tue, 22 Oct 2013 16:50:04 GMT
Zacks – Occidental Petroleum Corporation announced the initial phase of strategic review to streamline its existing operations.
Weak jobs report signals longer Fed easing
Tue, 22 Oct 2013 14:50:12 GMT
CNBC – The Fed is expected to keep easing at full throttle well into next year, after September’s tepid jobs report showed the impact of a painfully slow growing economy on employment.
Occidental Petroleum Corporation — Moody’s says Occidental’s plan to sell assets is credit negative, but does not justify a downgrade
Mon, 21 Oct 2013 17:37:03 GMT
Moody’s – New York, October 21, 2013– Moody’s Investors Service said Occidental Petroleum Corporation’s plan to sell assets to fund a payout to shareholders is clearly credit negative, but the impact of the sales …
Two Companies Focusing on America
Mon, 21 Oct 2013 15:28:10 GMT
Motley Fool – One of these companies is focusing on America and divesting foreign assets, and the other is a small-cap E&P player looking for growth in Colorado.
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