Andarko's most recent trend suggests a bullish bias. One trading opportunity on Andarko is a Bull Put Spread using a strike $100.00 short put and a strike $95.00 long put offers a potential 14.94% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $100.00 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock dropped below the $95.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Andarko is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Andarko is bullish.
The RSI indicator is at 35.45 level which suggests that the stock is neither overbought nor oversold at this time.
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Mon, 08 Sep 2014 16:15:00 GMT
Marketwired – Anadarko Petroleum Corporation today announced that Ernie Leyendecker, Sr. Vice President, Gulf of Mexico Exploration, will present at the 2014 UBS Houston Energy Bus-less Tour on Thursday, Sept. 18, 2014 …
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