In the recent trading session, Occidental Petroleum Corp (Symbol: OXY) surged past its 200-day moving average of $60.59, reaching as high as $60.80 per share. This marks a fresh milestone, with Occidental Petroleum Corp shares now trading about 1% higher. Let’s delve into the implications of this significant movement and its potential impact for investors.
Observing the chart, we can see that OXY’s 52-week low stands at $55.12 per share, while its high peaked at $67.665. This story of resilience and resurgence is nothing short of remarkable, especially when juxtaposed against the current trading price of $60.80. The data on OXY’s DMA stems from the insightful analytics at TechnicalAnalysisChannel.com.
For anyone with a keen eye on the energy sector, it’s crucial to note that Occidental Petroleum Corp is not the only one making waves. A wave of optimism is sweeping through the sector, and investors would be wise to keep an eye on other energy stocks that have recently outperformed their 200-day moving averages.
Curious to discover which other 9 energy stocks have made a similar break above their 200-day moving average? Click here to find out more!
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
