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Occidental Pete Falls 1.79% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Occidental Pete (NYSE:OXY) traded in a range yesterday that spanned from a low of $52.76 to a high of $54.02. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $53.12 on volume of 3.0 million 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.

Over the past year, Occidental Petehas traded in a range of $52.76 to $87.67 and are now at $52.76. The 200-day and 50-day moving averages have moved 0.85% lower and 1.62% lower over the past week, respectively.

Keywords: rebounders occidental pete

Ticker(s): OXY