With WTI soaring up shouldn't OXY do the same new 52 Week Highs? Thoughts
Oil jump $3 today and looking like its going up again tomorrow and no signes of letting up in the Middle East, shouldn't this stock be hitting 52 week highs along with the other stocks? I think so, your thoughts? Thanks long this stock!
The jump in oil price will be short lived. As soon as the Syria response has been delivered the market will return to the real OXY issue which is when the share appreciation strategy will be executed. The sell off was rather over done so the recent appreciation has not brought OXY back to whre it should be relative to other majors.