Andarko's most recent trend suggests a bearish bias. One trading opportunity on Andarko is a Bear Call Spread using a strike $107.00 short call and a strike $112.00 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 $107.00 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 $112.00 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 38.16 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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