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Occidental Petroleum Corporation (OXY) “On a long-term technical basis, the stock (OXY) is trading below its 200-day moving average which implies it is in a negative trend.
The stock has support at 11.50 and 9.06. If the stock breaks down through support at 11.50 then it will probably continue lower to 9.06. The stock has resistance at 15.29 and at 16.15. If the stock breaks up through resistance at 15.29 then it will probably continue higher to 16.15. The 200-day moving average is at 36.10. This will also act as resistance. The stock is neutral according to the Stochastic Indicator (54.99).”
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