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Occidental Petroleum Shows Rising Price Performance With Jump To 84 RS Rating

On Monday, Occidental Petroleum (OXY) hit an important technical milestone, with its Relative Strength (RS) Rating rising into the 80-plus percentile with an upgrade to 84, up from 78 the day before.




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When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price performance over the trailing 52 weeks stacks up against all the other stocks in our database.

History shows that the best-performing stocks tend to have an RS Rating of above 80 as they begin their biggest climbs.


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While the stock is not near an ideal buy zone right now, see if it is able to form and break out of a proper consolidation.

In terms of fundamentals, Occidental Petroleum has posted rising EPS growth over the last three quarters. Sales growth has also increased over the same time frame.

Occidental Petroleum earns the No. 7 rank among its peers in the Oil & Gas-International Exploration & Production industry group. Murphy Oil (MUR) and ConocoPhillips (COP) are also among the group’s highest-rated stocks.

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