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IBD Rating Upgrades: Occidental Petroleum Flashes Improved Relative Price Strength

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On Friday, Occidental Petroleum ( OXY ) got a positive adjustment to its Relative Strength ( RS ) Rating , from 66 to 71.

[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.

History reveals that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating as they launch their biggest price moves. See if Occidental Petroleum can continue to rebound and clear that threshold.

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While the stock is not near an ideal buying range right now, see if it is able to form and break out from a proper chart pattern.

Earnings growth increased last quarter from 0% to 220%, but the top line fell from 41% to 14%.

Occidental Petroleum earns the No. 2 rank among its peers in the Oil & Gas-International Exploration & Production industry group. CNOOC ( CEO ) is the top-ranked stock within the group.

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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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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