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After Yesterday's Decline of 1.20%, Occidental Pete Offers Investors Better Value

Feb 06, 2018 (SmarTrend(R) News Watch via COMTEX) --

Occidental Pete (NYSE:OXY) traded in a range yesterday that spanned from a low of $69.40 to a high of $71.46. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $70.05 on volume of 1.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Occidental Pete share prices have moved between a 52-week high of $78.48 and a 52-week low of $57.20 and are now trading 23% above that low price at $70.30 per share. The 200-day and 50-day moving averages have moved 0.12% higher and 0.61% higher over the past week, respectively.

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.

Write to Chip Brian at cbrian@mysmartrend.com

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