Occidental Trading Above 50-Day SMA: Is the Stock Worth Buying?

Occidental Petroleum Corporation (OXY) is trading above its 50-day simple moving average (SMA), signaling a bullish trend. The company is gaining from its focus on the Permian Basin and contribution from acquired assets.The company operates in a very competitive industry, but Occidental, being a low-cost operator and possessing high-quality assets in different locations across the globe, has a competitive advantage over its peers.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.OXY’s ...