As Warren Buffett Rumors Swirl, Occidental Petroleum Stock Just Formed a Golden Cross Pattern

Occidental Petroleum (OXY) shares closed higher on Wednesday following rumors that Berkshire Hathaway (BRK.A) (BRK.B) plans on buying its petrochemical division, OxyChem, for about $10 billion. Investors also likely rushed into OXY today because it formed an intriguing golden cross pattern for the first time since April 2024 – indicating bullish momentum ahead. More News from Barchart Including today’s gains, Occidental stock is up more than 35% versus its year-to-date low in April. www.barchart.com ...