• Return to Headlines

Bearish Moving Average Cross by Occidental Pete (OXY)

By Nick Russo

Occidental Pete (NYSE:OXY) shares have crossed bearishly below their 10-day moving average of $45.16 on a volume of 2.0 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Occidental Pete has traded in a range of $43.08 to $83.35 and is now at $44.62, 4% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.5%.

SmarTrend is monitoring the recent change of momentum in Occidental Pete. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Occidental Pete in search of a potential trend change.

Keywords: moving crosses occidental pete

Ticker(s): OXY