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 new level of support is at 9.63.

The stock has support at 9.63 and 6.93. If the stock breaks down through support at 9.63 then it will probably continue lower to 6.93. The stock has resistance at 11.50 and at 12.67. If the stock breaks up through resistance at 11.50 then it will probably continue higher to 12.67. The 200-day moving average is at 23.61. This will also act as resistance. The stock is extremely oversold according to the Stochastic Indicator (4.01), and turning up, which suggests a pause or possible rebound, especially if near support. Confirm this with the Short-Term and Daily Outlook to keep from exiting prematurely.”