Occidental's most recent trend suggests a bullish bias. One trading opportunity on Occidental is a Bull Put Spread using a strike $81.50 short put and a strike $76.50 long put offers a potential 13.12% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $81.50 by expiration. The full premium credit of $0.58 would be kept by the premium seller. The risk of $4.42 would be incurred if the stock dropped below the $76.50 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 above 80 which suggests that the stock is in overbought territory.
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LATEST NEWS for Occidental
Occidental Petroleum to Announce Third Quarter Results Monday, November 5, 2018; Hold Conference Call Tuesday, November 6, 2018
Wed, 03 Oct 2018 13:00:00 +0000
HOUSTON, Oct. 03, 2018 — Occidental Petroleum Corporation (NYSE:OXY) will announce its third quarter 2018 financial results after close of market on Monday, November 5, 2018,.
Upstream Stocks Might Continue to Build on Last Week’s Gains
Tue, 02 Oct 2018 16:06:35 +0000
In the week ending September 28, upstream energy stocks continued their winning streak for the third consecutive week. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP), which includes 56 upstream companies, rose 1.9% last week. Overall, XOP gained 2.2% last month. Last week, XOP’s gains were due to the rise in commodity prices and the narrowing of the WTI spreads.
See what the IHS Markit Score report has to say about Occidental Petroleum Corp.
Mon, 01 Oct 2018 12:03:21 +0000
Occidental Petroleum Corp NYSE:OXY
ExxonMobil’s Proposed Permian Oil Pipeline Takes Another Step Forward
Sat, 29 Sep 2018 18:21:00 +0000
The oil giant added another partner, which increases the likelihood that it will build a key oil pipeline.
These 3 Oil Companies Think Their Stocks Are Great Buys Right Now
Thu, 27 Sep 2018 13:50:00 +0000
More oil companies are using their oil-fueled cash flows to buy back their cheap stock.
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