Recently, $Occidental Petroleum(OXY.US) has continuously hit new 52-week highs. It even rose against the market trend yesterday. This round of gains is not only due to positive earnings reports but also strong technical indicators, with good volume support. Analysts have also been raising their target prices to $60+ (plus the dividend has been increased and debt repurchases are progressing). This sentiment offers a lot of opportunities for short-term traders.
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