Occidental (OXY) Offering Possible 9.65% Return Over the Next 6 Calendar Days

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Occidental’s most recent trend suggests a bullish bias. One trading opportunity on Occidental is a Bull Put Spread using a strike $83.50 short put and a strike $78.50 long put offers a potential 9.65% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $83.50 by expiration. The full premium credit of $0.44 would be kept by the premium seller. The risk of $4.56 would be incurred if the stock dropped below the $78.50 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 at 59.49 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

Futures at 5-Month High: Tap 5 Large-Cap Growth Stocks
Fri, 13 Jul 2018 15:28:00 +0000
President Trump’s protectionist agenda and the resultant trade war fears started weighing on large-cap stocks. Trade War Fear Seems Oversold, Time to Look at Better Data Points? Investors should note that after a nagging four-month trade war talks, investors seem to be ignoring the reality in July.

Occidental’s (OXY) Board Approves 1.3% Hike in Dividend
Fri, 13 Jul 2018 14:31:02 +0000
Occidental Petroleum’s (OXY) investment plans and production growth support the company’s cash flow generation capacity, which in turn, helps raising annual dividend rates.

Analyzing Encana’s Q2 2018 Revenue Expectations
Fri, 13 Jul 2018 13:45:08 +0000
In Q2 2018, analysts expect Encana’s (ECA) revenue to rise ~10% YoY (year-over-year) to ~$1.19 billion from ~$1.08 billion, but fall ~11% sequentially from ~$1.31 billion. The YoY rise is expected due to Encana’s production being expected to increase and higher crude oil prices.

Delta, Occidental, KeyCorp Hike Dividends
Thu, 12 Jul 2018 21:32:00 +0000
A major airline and a large energy exploration-and-production company were among the companies that announced dividend increases on Thursday. Delta Air Lines (DAL) declared a quarterly dividend of 35 cents a share, up from 30.5 cents previously, for a hike of nearly 15%. Occidental Petroleum (OXY) announced a smaller increase.

Have Oil-Weighted Stocks Ignored Oil’s Steep Fall?
Thu, 12 Jul 2018 19:00:02 +0000
Between July 3 and July 11, our list of oil-weighted stocks rose 2%, while US crude oil August futures fell 5.1%.

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