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Occidental Pete Crosses Above its 10-day MA (OXY)

By James Quinn

Today, shares of Occidental Pete (NYSE:OXY) have advanced above their 10-day MA of $50.11 on a volume of 1.0 million shares. This may provide short-term investors a chance 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 $86.60 and a 52-week low of $47.00 and are now trading 8% above that low price at $50.56 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.8% while the 200-day MA has slid 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Occidental Pete on February 8th, 2019 by issuing a Downtrend alert when the shares were trading at $64.18. Since that call, shares of Occidental Pete have fallen 22.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses occidental pete

Ticker(s): OXY