zAngus

Warren Buffett Given Regulatory OK To Buy 50%

zAngus Updated   
NYSE:OXY   Occidental Petroleum Corporation
Warren Buffett has been steadily buying this stock over the last few months and now owns 26.8%

With regulatory approval now allowing him to own up to 50% will be interesting to see where this stock ends up.

Indicators look good. Price at a support area, RSI showing good value, and MACD looks like momentum might be coming back into the stock after its recent pullback.

One way to buy this kind of stock could be with a stop or a stop limit order so if it does wiggle up on open then you enter the trade. If it does break through resistance and head downwards then your order wont trigger and you wont be in the trade.

Could be worth keeping an eye on and adding it to your watchlist to do more research.

NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.

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