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 15.21% return on risk over the next 32 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 $0.66 would be kept by the premium seller. The risk of $4.34 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 54.38 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Andarko
Range-bound play in Anadarko
Wed, 19 Mar 2014 09:47:31 GMT
Balanced Prospects at Anadarko Petroleum
Mon, 17 Mar 2014 16:40:13 GMT
2 Companies Dominating This Rapidly Growing, Little-Known Oil Play
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
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