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

By David Diaz

Occidental Pete (NYSE:OXY) crossed over its 10-day moving average of $11.22 on a volume of 10.4 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Occidental Pete share prices have been bracketed by a low of $9.00 and a high of $68.83 and are now at $11.55, 28% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 6.6% while the 200-day MA has slid 1.4%.

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

Keywords: moving crosses occidental pete

Ticker(s): OXY