$Occidental(OXY)$
Stock: Occidental Petroleum, Corp.
Buy Point: The buy point is at the current price level. In other words, shares can be purchased immediately.
Target Sale Price: ?
Planned Stop Loss: In terms of a stop loss, if OXY is trading below 52.50 near the end of the trading day, sell the shares.
Volume: There have been a couple signs of accumulation in recent weeks as evidenced by volume’s rise above the 20-day EMA on rising prices. But of more recent note is how volume picked up when prices bounced off support in the last few sessions. This was an indication that there were plenty of buyers present to support this stock.
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