Occidental Petroleum Corporation (OXY) “On a long-term technical basis, the stock (OXY) is trading below its 200-day moving average which generally implies it is in a negative trend. The stock has broken down through support at 20.98, so look for new support at 13.17.

The stock has support at 17.24 and 15.29. If the stock breaks down through support at 17.24 then it will probably continue lower to 15.29. The stock has resistance at 18.27 and at 20.96. If the stock breaks up through resistance at 18.27 then it will probably continue higher to 20.96. The 200-day moving average is at 30.18. This will also act as resistance. The stock is extremely oversold according to the Stochastic Indicator (24.95).”