Andarko (APC) Offering Possible 29.87% Return Over the Next 23 Calendar Days

Andarko's most recent trend suggests a bearish bias. One trading opportunity on Andarko is a Bear Call Spread using a strike $104.00 short call and a strike $109.00 long call offers a potential 29.87% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $104.00 by expiration. The full premium credit of $1.15 would be kept by the premium seller. The risk of $3.85 would be incurred if the stock rose above the $109.00 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 26.82 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

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.

Ghana files arbitration suit over border dispute with Ivory Coast
Tue, 23 Sep 2014 18:24:28 GMT
Reuters – 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. Ghanaian Attorney General Marrieta Brew Appiah-Oppong said oil companies could continue to operate during the arbitration process, which could take up to three years. 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.

Ghana says oil firms can keep working during border arbitration
Tue, 23 Sep 2014 16:55:25 GMT

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