Reversal Day On OXY, Watch This Day Trade Support Level
Occidental Petroleum Corporation (NYSE:OXY) is a leading oil and gas exploration and production company. Today, OXY stock staged a gap higher open, but has since rolled over a bit. The stock is trading lower by $1.58 to $96.50 a share. When stocks decline this sharply from the opening bell it is prudent to find a major intra-day support level when trying to day trade a stock like this. Traders should watch the $95.15 level for a near term intra-day bounce. This is a level on the chart where the stock based for a few days before moving higher. This level is only good for today as it is a day trading level.