Replies to post #127 on Occidental Petroleum Corp (OXY)

[ms123]

OXY alerted for bearish side last week.

The strong push down that OXY made between 18th to 25th must have made many nervous and willing to adjust their trades to the downside. This signal makes me think that intermediate signal for OXY is bearish. I have been looking to enter OXY to the downside. The IV doesn't seem to go down, so today I decided on a bearish double vertical for April expiry.

LINK:
http://breakout-stocks.blogspot.com/

[Timothy Smith]

Shares of OXY, which currently possess a market cap of $67.83 billion, a P/E ratio of 14.75 and a PEG ratio of 2.47, settled at $84.20/share on Wednesday. One of the things to point out for growth investors is the fact that shares of OXY are actually 7.69% higher since January 1st of this year.

For those of you who may be considering a position in Occidental Petroleum, from an income perspective, shares of OXY currently possess a yield of 3.20% ($2.56) and a fairly moderate payout ratio of 38.00%.