Name: Occidental Petroleum Corp
Sector/Industry: Energy/Oil & Gas Exploration & Production
Thesis: $OXY beat last earnings estimates by $0.05 on May 5, 2014.  Spinning off California assets into independent E&P seen favorable by the market sheading focus on parent company global backlog, increasing earnings growth and steadily growing dividend.
Next earning date: 7/30/14 *Est.
Risk: Low with P/E 1/2 of sector peers.
Portfolio status: Bedrock/Anchor. Level of investment is full. Buying strategically only on dips more than 5% below most recent 52 week high.
Last trades: On 20140617 buy @ 102.35, on 20140613 buy @ 101.93.
All time high/52 week high: $117.89 May of 2011 /$104.14 on June 21, 2014
Price target: $115
Technical trading tier: Lowest

Chart Analysis: Weekly chart below shows $OXY is just about reached a level of resistance drawn at 104.36. Levels are based on prices going back a ways based on much different boundary conditions on the economy. Levels should be taken with a grain of salt. So this is trading approach I’m implementing. Watch the hourly charts and in particular when MACD Xup it’s signal. If stochastics Xup 80, consider that a signal to buy if stochastics Xdown 80 for a short period time and Xup 80 very soon after. Look for daily MACD Xup, daily stochastic Xup for confirmation.