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Occidental Petroleum Bearish Moving Average Crossover Alert (OXY)

By Nick Russo

Occidental Petroleum (NYSE:OXY) crossed under its 10-day moving average of $73.34 on a volume of 668K 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, shares of Occidental Petroleum have traded between a low of $58.24 and a high of $82.02 and are now at $72.94, which is 25% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

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

Keywords: moving crosses Occidental Petroleum

Ticker(s): OXY