Andarko's most recent trend suggests a bearish bias. One trading opportunity on Andarko is a Bear Call Spread using a strike $97.50 short call and a strike $103.00 long call offers a potential 14.11% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $97.50 by expiration. The full premium credit of $0.68 would be kept by the premium seller. The risk of $4.82 would be incurred if the stock rose above the $103.00 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 23.42 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
Stocks Pop Over And Under Break-Even Line; Oil Slips
Wed, 08 Oct 2014 14:36:00 GMT
Minister Sees Chance Oil May Split From South African Mines Law
Wed, 08 Oct 2014 09:42:29 GMT
Anadarko Schedules Third-Quarter 2014 Earnings Conference Call for Oct. 29
Mon, 06 Oct 2014 18:15:00 GMT
Marketwired – Anadarko Petroleum Corporation
Key development: Refinery maintenance season finally kicks in
Mon, 06 Oct 2014 17:00:19 GMT
Offshore Drillers: Beware the Newbuilds
Mon, 06 Oct 2014 14:32:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook