Andarko's most recent trend suggests a bearish bias. One trading opportunity on Andarko is a Bear Call Spread using a strike $100.00 short call and a strike $105.00 long call offers a potential 26.26% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $100.00 by expiration. The full premium credit of $1.04 would be kept by the premium seller. The risk of $3.96 would be incurred if the stock rose above the $105.00 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 27.4 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Andarko
Anadarko, EOG agree to disclose fracking risks to investors
Fri, 03 Oct 2014 20:04:07 GMT
Anadarko, EOG Strike Deal With New York AG on Fracking
Fri, 03 Oct 2014 13:20:38 GMT
Jim Cramer Tells Stephanie Link Downtrend in Commodities an Opportunity to Buy
Thu, 25 Sep 2014 16:40:30 GMT
Hammerstone Midday Look 9-24-2014
Wed, 24 Sep 2014 15:37:00 GMT
Ghana files arbitration suit over border dispute with Ivory Coast
Tue, 23 Sep 2014 18:24:28 GMT
Reuters – UK Focus – Ghana has taken legal action under a U.N. convention to resolve a maritime border dispute with Ivory Coast over water close to oil fields licensed by British firm Tullow Oil (LSE: TLW.L – news) . Ghana filed the suit under the U.N. Convention on the Law of the Sea after 10 bilateral meetings failed to resolve the issue, she said. A resolution is crucial for oil and gas exploration and it could end any uncertainty for Tullow, which first discovered the Tweneboa, Enyenra, and Ntomme (TEN) cluster development in 2009 in Ghana's Deepwater Tano licence close to the disputed area. There was no immediate comment from authorities in Ivory Coast.
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