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Bullish Moving Average Cross by Occidental Pete (OXY)

By Amy Schwartz

Today, shares of Occidental Pete (NYSE:OXY) have crossed bullishly above their 10-day moving average of $66.09 on a volume of 678K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Occidental Pete have traded between a low of $56.83 and a high of $87.67 and are now at $67.13, which is 18% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Occidental Pete and will alert subscribers who have OXY in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses occidental pete

Ticker(s): OXY