OXY Stock is Trading Above 50-Day SMA: Time to Buy, Hold or Sell?

Key Takeaways OXY has surged 22.2% in three months, outperforming peers and its 50-day simple moving average. Strategic acquisitions and low-cost Permian operations are driving OXY's production and cash flow. OXY cut $6.8B in debt over 10 months, boosting income, despite falling earnings estimates and market risks.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 contribu ...