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Everyone's favorite oil company Occidental Petroleum Corporation (OXY) formed a massive gap on its chart back in March.
While earnings was a mixed bag, to say the least, with dismal earnings growth, OXY still beat analyst expectations (in part by cutting spending) and is showing solid growth in revenue.
Despite the mixed earnings, from a technical perspective, it looks like we may be getting a chance at a long entry with a potential target above the gap.