Andarko's most recent trend suggests a bearish bias. One trading opportunity on Andarko is a Bear Call Spread using a strike $83.00 short call and a strike $88.00 long call offers a potential 12.36% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $83.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock rose above the $88.00 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 44.35 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Andarko
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Sun, 16 Mar 2014 16:01:57 GMT
Another Skeleton Begins to Emerge From Hiding in Chesapeake Energy’s Closet
Wed, 12 Mar 2014 19:01:57 GMT
Singer’s Elliott Management opens a position in Anadarko Petroleum
Wed, 12 Mar 2014 17:00:17 GMT
S.Africa changes petroleum law to give state free 20 pct stake
Wed, 12 Mar 2014 15:43:51 GMT
Reuters – South Africa's parliament passed changes to its main petroleum law on Wednesday, giving the state a stake of 20 percent in new gas and oil exploration and production ventures, a move industry said would have a chilling effect on investment. The haste in which the bill was passed ahead of general elections in May has alarmed petroleum operators such as Shell , Total and Exxon Mobil, which are looking to explore in South Africa in the wake of big offshore gas discoveries in neighbouring Mozambique. “There have been significant changes in recent days, which we have not been afforded an opportunity to comment on and which we are certain will have a chilling effect on investment in a high risk and capital intensive industry such as ours,” the Offshore Petroleum Association of South Africa said in a statement ahead of the bill's passage in parliament.
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