Occidental Petroleum Corporation (OXY)

Occidental Petroleum Corporation is trading at $57.36, up 1.87% on the session. The 50 day average sits at $58.05 and the 200 day at $53.26, which puts the stock in a uptrend. RSI is at 46.3, which reads as neutral, and MACD is bearish crossover. Volume is volume spike.

The nearest support is around $57.54 with resistance near $58.99, so that band frames the current range. Average daily movement is roughly $1.58, or about 2.8% of the share price, which is what any stop placement has to allow for. The overall health score of 69 out of 100 combines a trend score of 77, momentum of 46 and a risk score of 89.

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. It operates through Oil and Gas and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. This segment also optimizes its transportation and storage capacity and invests in entities. The Midstream and Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, NGLs, natural gas, carbon dioxide, and power. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.