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Bullish Moving Average Cross by Occidental Pete (OXY)

By James Quinn

Occidental Pete (NYSE:OXY) crossed over its 10-day moving average of $45.29 on a volume of 6.4 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Occidental Pete share prices have moved between a 52-week high of $83.35 and a 52-week low of $41.82 and are now trading 15% above that low price at $47.93 per share. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 0.8%.

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