9/2 Best Idea For The Week Ahead

A $200B giant, trading cheaply, a near 5% dividend, bullish option flow galore and a catalyst to boot, what more could you want in a name?

Before I get into this week’s best idea I want to say that I do think OXY is the name set to run at this moment but I’ve pointed out the option flow there for a long time, and we all know the Warren Buffett put below $58 so I won’t bore you with that, but look at this chart and you can see a golden cross should be happening in the next few days which typically leads to an extended run and for OXY if it can start building over the $66 level where it has been rejected multiple times the last 12 months, it can really go. The yellow line is pointing at the 50 soon to cross the 200, a golden cross.