Andarko's most recent trend suggests a bullish bias. One trading opportunity on Andarko is a Bull Put Spread using a strike $97.50 short put and a strike $92.50 long put offers a potential 10.86% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $97.50 by expiration. The full premium credit of $0.49 would be kept by the premium seller. The risk of $4.51 would be incurred if the stock dropped below the $92.50 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 79.65 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Andarko
Jim Cramer Asks Dan Dicker: Where's the Next Anadarko?
Wed, 09 Apr 2014 17:45:00 GMT
The Zacks Analyst Blog Highlights: Anadarko Petroleum, BP, McDermott International, Encana and Apache
Wed, 09 Apr 2014 12:40:19 GMT
Dan Dicker Explains His Long-Term Oil Trading Plans
Tue, 08 Apr 2014 19:14:00 GMT
Is There Too Much Optimism About Anadarko Petroleum Corporation?
Tue, 08 Apr 2014 15:01:59 GMT
Here's How Anadarko's Big Bet on Liquefied Natural Gas Will Fuel its Future
Tue, 08 Apr 2014 14:50:00 GMT
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