Andarko's most recent trend suggests a bullish bias. One trading opportunity on Andarko is a Bull Put Spread using a strike $80.00 short put and a strike $75.00 long put offers a potential 21.07% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $80.00 by expiration. The full premium credit of $0.87 would be kept by the premium seller. The risk of $4.13 would be incurred if the stock dropped below the $75.00 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 65.06 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
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Thu, 23 Jan 2014 21:04:06 GMT
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PRESS DIGEST-New Zealand newspapers – Jan. 23
Wed, 22 Jan 2014 19:03:49 GMT
Reuters – Following are some of the lead stories from New Zealand metropolitan newspapers on Thursday. Stories may be taken from either the paper or Internet editions of the papers. Reuters has not verified these …
Einhorn's hedge fund adds new positions in Micron and BP -letter
Wed, 22 Jan 2014 16:58:57 GMT
Reuters – Hedge fund manager David Einhorn, whose Greenlight Capital ranked among last year's best performers, said he had taken new stakes in BP Plc, Anadarko Petroleum Corp and Micron Technology Inc . The fund …
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