OCCIDENTAL PETROLEUM: 41.3% GAIN IN FIVE TRADING DAYS $OXY

This post was just published on ZYX Buy Change Alert.

Occidental  Petroleum (OXY) was bought at $11.67 five trading days ago. It has moved up to $16.49 in the aftermarket as of this writing and is actively trading.

The  target zone has been $15.83 to $18.34.  The reason the stock is running up in the aftermarket appears to be rumors about the OPEC meeting set for tomorrow.  There may be more rumors or the results of the meeting may be known before the U. S. market opens.  Depending upon the results, OXY can run higher or experience a significant drop.

What To Do Now

41.3% return in five trading days is a gift horse.  Never look a gift horse in the mouth.

Depending on personal preference consider one of the following:

  • Take profits and exit the position.
  • Take profits on a 15% tranche and continue to hold the remaining 10% tranche.  Moves stops to the zone of $15.23 to $15.38.

For tracking purposes, partial profits will be taken right now and partial quantity will be  held.

Trades posted on The Arora Report Market Blog have produced unrivalled performance since 2007.  Please click here and scroll down to see the table of all trades.  These trades have been scrutinized in real-time by thousands of investors across the globe.  This provides easy verification of performance for newcomers to this site.  Only those trades are included in the performance where the entry post was made available to subscribers to The Arora Report Market Blog.  When the entry post is made available only to the paying subscribers and not posted in real-time on The Arora Report Market Blog, the resulting performance of the trade is not credited in the performance table.  There are very nice gains on this trade but since the entry trade was not posted here for the free subscribers in real-time but only made available to the paying subscribers, handsome profits on this trade will not be added to the performance of The Arora Report Market Blog shown on the table.

 

 

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