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rjloura
Dec 10, 2022 12:18 PM

OXY short? Short

Occidental Petroleum CorporationNYSE

Description


OXY is way up in comparison to crude oil futures. Futures are flat YTD, and OXY is up 104%.

OXY also recently crossed the 200 day SMA on 2 December. They've done that before recently and popped back up.

There seems to be some support around 61/share. If it breaks below that next support is around low 50s.
Comments
columbiaaveart
Jimmy Buffet bought when it popped at $43. I'd love to own there.
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