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Actionable news in OXY: OCCIDENTAL PETROLEUM CORPORATION,

Oil Technicals: Bullish Occidental (OXY), Sideways EOG, Superb Schlumberger Stock

NEW YORK (TheStreet) -- Action Alerts PLUS holding Occidental Petroleum (OXY) made a small double top around $100 last year and has corrected down to the $65 area, as seen in the chart below. There is now a bullish divergence between the price action this summer and the higher lows from the momentum study since July. This tells us that the rate of decline in prices has slowed. This kind of bullish divergence can foreshadow a rally.

The most exciting part of this chart...


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