$OXY ON WATCH FOR ENTRY AT 70 BUCKS Occidental Pe
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Posted On: 11/16/2012 11:27:59 AM
$OXY ON WATCH FOR ENTRY AT 70 BUCKS
Occidental Petroleum, ticker symbol OXY is taking a pounding. It traded as high as 93.56 back in September and is currently trading at 72.54.
Keep an eye on 70 bucks which has multiple levels of support on the weekly chart which are the double bottom and 618 retrace. The stock is also very extended from the moving averages and is over due for a bounce. It could get into that area next week so keep an eye on it.
[IMG]http://i.imgur.com/MCytZ.png[/IMG]
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