Andarko's most recent trend suggests a bearish bias. One trading opportunity on Andarko is a Bear Call Spread using a strike $81.50 short call and a strike $86.50 long call offers a potential 32.28% 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 $81.50 by expiration. The full premium credit of $1.22 would be kept by the premium seller. The risk of $3.78 would be incurred if the stock rose above the $86.50 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 below 20 which suggests that the stock is in oversold territory.
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
Whiting Petroleum considers sale amid oil price slump
Tue, 10 Mar 2015 05:07:28 GMT
Financial Times – As the price of crude has plunged, speculation about which US oil company would be first to accept a takeover bid has risen. Over the weekend, Whiting Petroleum went to the top of the list of possible …
Calls buyers return to Anadarko
Mon, 09 Mar 2015 12:14:18 GMT
Don't Worry About Methane Hydrates, Government Scientist Says: You Have Enough CO2 To Worry About
Sun, 08 Mar 2015 12:36:00 GMT
Enterprise, Anadarko, DCP Midstream and MarkWest Form Joint Venture for Panola NGL Pipeline in Texas
Fri, 06 Mar 2015 21:45:39 GMT
noodls – HOUSTON–(BUSINESS WIRE)–Feb. 24, 2015– Enterprise Products Partners L.P. (NYSE:EPD), Anadarko Petroleum Corporation (NYSE:APC), DCP Midstream Partners, LP (NYSE:DPM) and MarkWest Energy Partners, L.P. …
US offshore rig count dips slightly
Fri, 06 Mar 2015 20:06:13 GMT
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