Occidental Petroleum
OXY
Real-time BATS EXCHANGE - 12/13 08:46:32 pm
66.045USD
+1.01%

In an accumulation phase

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David Meurisse
Contributor / Partner

Strategy published on : 12/07/2018 | 16:42

long trade
Stop-loss triggered

Entry price : 67.66$
Target : 71.7$
Stop-loss : 65.4$
Potential : 5.97%

From a horizontal accumulation phase, the timing seems good to buy shares in Occidental Petroleum Corporation and to get ahead of a break-out on the upside of the congestion area.
Investors have an opportunity to buy the stock and target the $ 71.7.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at USD 63.67 USD in weekly data.

● The close medium term support offers good timing for purchasing the stock.

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

● This company will be of major interest to investors in search of a high dividend stock.

● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● For the past twelve months, EPS forecast has been revised upwards.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.


Weaknesses

● Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.

● The company's enterprise value to sales, at 3.19 times its current sales, is high.

Zonebourse.com 2018
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