US Stocks: APA, MCK, OXY Turn Strongly Bullish
Three US equities, APA, MCK, and OXY, have shifted to Strong Bullish, signaling notable momentum changes as the Altra Market improves.
- Visit the stock pages: APA, MCK, OXY
- Sector XLE , which ranks #1 for Relative Strength (Altra Sector score of 76.0 with bullish regime.)
Amidst an improving Altra Market, a trio of US stocks spanning the Energy and Health Care sectors recently registered significant bullish momentum shifts. This cross-sector movement highlights areas where underlying technical strength is gaining traction.
The Altra Score, a momentum indicator ranging from 0 to 100, integrates EMA alignment and RSI trends across daily, weekly, and monthly timeframes; a higher score indicates more bullish momentum. The Altra Market score, on the other hand, provides a broader market texture by tracking the percentage of stocks positioned above key EMAs. Similarly, the Altra Sector score offers a momentum reading at the sector level, complete with a relative-strength rank against other sectors in the same market.
APA
APA Corporation experienced a dramatic shift on August 6, 2026, as its Altra Score surged from 37.5 (Bearish) to 83.8 (Strong Bullish). This notable uptick places APA firmly in a strong momentum posture within the Energy sector. The Energy sector itself appears robust, holding an Altra Sector score of 76.0 and ranking #1, characterized as a confirmed leader that is accelerating, with an RS RSI of 53.7. The broader market context, indicated by an Altra Market score of 63.0 (Improving), suggests a selective environment where high-quality setups are favored, with 62.03% of stocks above their 20-day EMA. APA's daily, weekly, and monthly RSIs (54.87, 55.86, 65.26 respectively) all reflect positive momentum, further supported by its price trading above key EMAs and a bullish Weekly EMA Crossover identified on August 22, 2025. The stock shows clear top-down alignment, reinforcing its newfound bullish momentum.
MCK
McKesson Corporation also saw its momentum profile strengthen considerably, moving from a Neutral Altra Score of 59.0 to a Strong Bullish 92.9 on August 5, 2026. As of today, its Altra Score remains strongly bullish at 83.5. Operating within the Health Care sector, McKesson benefits from a sector-wide Altra Score of 71.0, ranking #3 and also identified as a confirmed leader with accelerating relative strength (RS RSI 55.0). The overarching market sentiment, mirroring APA's context, shows improving breadth with an Altra Market score of 63.0. McKesson's RSIs across daily (60.12), weekly (58.78), and monthly (59.49) timeframes are all above the 50 mark, indicating healthy buying pressure. The equity is positioned above its key EMAs, and it underwent a bullish Weekly EMA Crossover on July 27, 2026, demonstrating strong top-down momentum alignment.
OXY
Occidental Petroleum joined the bullish momentum on August 6, 2026, when its Altra Score climbed from 36.9 (Bearish) to 81.6 (Strong Bullish). Like APA, Occidental Petroleum is part of the leading Energy sector, which boasts an Altra Sector score of 76.0 and a #1 ranking, marked by accelerating relative strength. The overall market backdrop is one of improving breadth, with the Altra Market score at 63.0, suggesting a need for careful selection despite the positive trend. Occidental's RSI readings across daily (54.09), weekly (54.16), and monthly (56.8) charts consistently point to strengthening momentum. Its price action above key EMAs, alongside a bullish Weekly EMA Crossover that occurred on February 6, 2026, underscores its top-down alignment and the robust nature of its momentum shift. This collective movement across these diverse names suggests that pockets of strong technical setups are emerging in the US market.
What is the Altra Score? The Altra Score is AltraOne's proprietary momentum score for individual stocks, ranging from 0 to 100. It measures EMA structure and RSI momentum across multiple timeframes. A score above 60 is Bullish, below 40 is Bearish, and 40–60 is Neutral. The score is updated every trading day after market close based on end-of-day data.
Explore the full Signal History on AltraOne to see every EMA crossover signal across your watchlist — going back 52 weeks. The weekly EMA crossover is AltraOne's highest-conviction intermediate momentum signal; the Signal History page lets you track how these have played out over time.
Altra Score is a momentum indicator reflecting EMA alignment and RSI trend across daily, weekly, and monthly timeframes. It is not investment advice. Past momentum does not guarantee future performance. Please consult a SEBI-registered advisor before making investment decisions.