• Return to Headlines

Occidental Pete Set to Possibly Rebound After Yesterday's Selloff of 4.45%

By David Diaz

Occidental Pete (NYSE:OXY) traded in a range yesterday that spanned from a low of $66.42 to a high of $68.55. Yesterday, the shares fell 4.4%, which took the trading range below the 3-day low of $68.80 on volume of 2.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Occidental Pete has traded in a range of $62.47 to $87.67 and is now at $66.57, 7% above that low. The 200-day and 50-day moving averages have moved 0.04% higher and 0.76% lower 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: rebounders occidental pete

Ticker(s): OXY