Daily Stock Setups

Occidental Petroleum (OXY) Downgrade Alert, Watch for 20.4% Technical Uptrend Reversal

Posted on: Mon, 12 Oct 2009 09:09:00 EDT

Symbols: OXY

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Oct 12, 2009 (SmarTrend(R) Spotlight via COMTEX) --
OXY | Quote | Chart | News | PowerRating -- Occidental Petroleum (NYSE:OXY) downgraded to Hold, $82 target, at Citi. The stock closed Friday at $79.54 on volume of 4,544,100 shares, below average daily volume of 6,044,676.

Occidental Petroleum is currently above its 50-day moving average of $74.32 and above its 200-day moving average of $63.29.

SmarTrend is bullish on shares of OXY and our subscribers received an Uptrend alert on July 15, 2009 at $66.06, which has returned 20.4% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on Occidental Petro Cp (OXY) OXY. Occidental Petro Cp (OXY) has Short Term PowerRatings at TradingMarkets. Details on Occidental Petro Cp (OXY) Short Term PowerRatings is available at This Link.

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