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After Yesterday's Decline of 1.55%, Occidental Pete Offers Investors Better Value

By David Diaz

Occidental Pete (NYSE:OXY) traded in a range yesterday that spanned from a low of $38.02 to a high of $38.44. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $38.31 on volume of 849,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, shares of Occidental Pete have traded between a low of $37.60 and a high of $72.43 and are now at $38.08, which is 1% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.7%.

Keywords: rebounders occidental pete

Ticker(s): OXY