(Finance) – The title moves into difficulty Occidental Petroleum which presents a very bad -3.77%.
There Berkshire Hathaway of Warren Buffett received Federal Energy Regulatory Commission approval to acquire up to 50% of the common stock of Occidental Petroleum.
On a comparative basis on a weekly basis, the trend of Occidental Petroleum shows a more marked trend than the trendline ofS & P-500. This demonstrates the greater propensity to buy by investors towards Occidental Petroleum with respect to the index.
The short-term technical picture of Occidental Petroleum shows an upward acceleration of the curve with a target identified at USD 70.23. Risk of descent to 67.12 which will not affect the good health of the current trend but which represents a temporary correction. Expectations are for an extension of the uptrendline towards 73.34.