The bearish DailyPlay we chose for Tuesday August 25th is Occidental Petroleum Corporation (OXY). OXY is part of the Energy Sector (XLE). Over the last month, XLE has experienced 11.20% move lower as both trends remain bearish.
Occidental Petroleum Corporation’s 1-month and 6-month trend turned bullish as it recently broke below its $71.33 support level which now becomes resistance. OXY has a technical score of 5 (out of 10) and continues to show negative momentum as it looks positioned to continue lower.