Andarko's most recent trend suggests a bullish bias. One trading opportunity on Andarko is a Bull Put Spread using a strike $110.00 short put and a strike $105.00 long put offers a potential 38.5% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $110.00 by expiration. The full premium credit of $1.39 would be kept by the premium seller. The risk of $3.61 would be incurred if the stock dropped below the $105.00 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 56.37 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
Anadarko Upstream Program Backed by Stable Cash Balance
Wed, 27 Aug 2014 19:45:02 GMT
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Tue, 26 Aug 2014 16:12:30 GMT
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Tue, 26 Aug 2014 04:00:23 GMT
Anadarko to Present at Upcoming Energy Conference
Mon, 25 Aug 2014 16:42:33 GMT
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Mon, 25 Aug 2014 15:19:27 GMT
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