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

By Shiri Gupta

Today, shares of Occidental Pete (NYSE:OXY) have fallen below their 10-day MA of $84.17 on a volume of 662K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Occidental Pete share prices have been bracketed by a low of $58.38 and a high of $87.67 and are now at $83.76, 43% above that low price. The 200-day and 50-day moving averages have moved 0.60% higher and 0.75% higher over the past week, respectively.

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