Occidental (OXY) Offering Possible 5.04% Return Over the Next 27 Calendar Days

Occidental’s most recent trend suggests a bullish bias. One trading opportunity on Occidental is a Bull Put Spread using a strike $47.50 short put and a strike $42.50 long put offers a potential 5.04% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $47.50 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock dropped below the $42.50 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 60.79 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Occidental

UPDATE 1-Icahn launches proxy fight after stalled talks with Occidental CEO
Fri, 19 Jul 2019 03:53:16 +0000
Activist investor Carl Icahn formally launched on Thursday a proxy fight against Occidental Petroleum to win control of four board seats, a regulatory filing showed, after talks with the oil company’s CEO failed to reach an agreement. Icahn, who owns 4.4% of Occidental shares, said last month he planned to launch a proxy fight to oust and replace four Occidental directors. Icahn has blasted the Houston-based oil and gas producer for failing to give owners a say on its proposed $38 billion acquisition of Anadarko Petroleum, which he has called “misguided and hugely overpriced”.

Icahn launches proxy fight after stalled talks with Occidental CEO
Fri, 19 Jul 2019 00:35:18 +0000
Activist investor Carl Icahn on Thursday formally launched a proxy fight against Occidental Petroleum to win control of four board seats, according to a regulatory filing, after talks with the oil company’s chief executive failed to reach an agreement. Icahn, who owns 4.4% of Occidental shares, last month said he planned to launch a proxy fight to oust and replace four Occidental directors. “Occidental refused to craft a compromise and so we’ll happily take our case to stockholders which the company should have done with this bet-the-company transaction,” Icahn told Reuters on Thursday.

The Zacks Analyst Blog Highlights: Southern Company, Prologis, Delta Air Lines, Occidental Petroleum and Dollar General
Thu, 18 Jul 2019 14:37:02 +0000
The Zacks Analyst Blog Highlights: Southern Company, Prologis, Delta Air Lines, Occidental Petroleum and Dollar General

Occidental Petroleum (OXY) Gains As Market Dips: What You Should Know
Wed, 17 Jul 2019 21:45:09 +0000
In the latest trading session, Occidental Petroleum (OXY) closed at $51.18, marking a +0.16% move from the previous day.

Top Analyst Reports for Southern Company, Prologis & Delta Air Lines
Wed, 17 Jul 2019 18:54:06 +0000
Top Analyst Reports for Southern Company, Prologis & Delta Air Lines

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