Andarko's most recent trend suggests a bearish bias. One trading opportunity on Andarko is a Bear Call Spread using a strike $67.50 short call and a strike $72.50 long call offers a potential 8.93% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $67.50 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock rose above the $72.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Andarko is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Andarko is bearish.
The RSI indicator is at 36.91 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Andarko
Edited Transcript of APC earnings conference call or presentation 1-Aug-18 1:00pm GMT
Sat, 11 Aug 2018 01:25:26 +0000
Q2 2018 Anadarko Petroleum Corp Earnings Call
Colorado oil and gas stocks hit hard by anti-fracking ballot initiative news
Fri, 10 Aug 2018 20:48:36 +0000
The 170,000 signatures activist said they turned in Monday appear to have surprised some investors and sent some company stock tumbling.
A Major Setback Looms For Colorado Shale
Thu, 09 Aug 2018 20:00:00 +0000
November elections in Colorado are going to be watched closely by its shale industry, with an initiative to more tightly regulate drilling looking likely to be on the ballot
Murphy Oil (MUR) Beats Q2 Earnings and Revenue Estimates
Thu, 09 Aug 2018 15:59:03 +0000
Improved performance in the high-margin Front Runner, Clipper, Thunder Hawk and Kodiak Fields in the Gulf of Mexico drives Murphy Oil's (MUR) Q2 earnings.
4 Things Anadarko Petroleum Corporation's CEO Wants You to Know About What's Ahead
Wed, 08 Aug 2018 14:38:00 +0000
The oil giant is performing better than last quarter's numbers might have suggested.
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