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Look for Shares of Occidental Pete to Potentially Rebound after Yesterday's 1.55% Sell Off

Dec 03, 2019 (SmarTrend(R) News Watch via COMTEX) --

Occidental Pete (NYSE:OXY) traded in a range yesterday that spanned from a low of $38.02 to a high of $38.44. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $38.31 on volume of 849,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Occidental Pete have traded between a low of $37.60 and a high of $72.43 and are now at $38.08, which is 1% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.7%.

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.

Write to SmarTrend at cs@mysmartrend.com

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