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Occidental Pete (OXY) Crosses Pivot Point Support at $42.80

By David Diaz

Shares of Occidental Pete (NYSE:OXY) opened today below their pivot of $42.82 and have already reached the first level of support at $42.80. Investors may be interested in a cross of the next downside pivot targets of $42.62 and $42.42.

In the past 52 weeks, shares of Occidental Pete have traded between a low of $37.25 and a high of $68.83 and are now at $43.00, which is 15% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.3%.

There is potential upside of 96.3% for shares of Occidental Pete based on a current price of $43.00 and an average consensus analyst price target of $84.41. The stock should find resistance at its 200-day moving average (MA) of $45.15, as well as support at its 50-day MA of $41.63.

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: pivot alerts occidental pete

Ticker(s): OXY