Andarko's most recent trend suggests a bearish bias. One trading opportunity on Andarko is a Bear Call Spread using a strike $44.00 short call and a strike $49.00 long call offers a potential 42.45% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $44.00 by expiration. The full premium credit of $1.49 would be kept by the premium seller. The risk of $3.51 would be incurred if the stock rose above the $49.00 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 26.26 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Andarko
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The company will next report results on Jan. 22 before the bell. Analysts are looking for earnings of $1.52 per share on revenues of $16.5 billion. When the company last reported on Oct. 23, earnings of $1.93 beat estimates by 11 cents on a 9.6% rise in revenues.
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After Anadarko and Harvard, Hackett to Lead Struggling Alta Mesa
Fri, 21 Dec 2018 17:10:18 +0000
The former Anadarko Petroleum Corp. chief executive has spent the past year as Alta Mesa’s chairman. “I feel very spiritually inclined to do well,” Hackett, who left his post at Anadarko to attend Harvard Divinity School, said in an interview. In August 2017, Hackett acquired Alta Mesa Holdings LP, a closely held independent producer in Oklahoma’s Stack play, and Kingfisher Midstream LLC, a pipeline company, via a blank-check company he formed with backing from private-equity firm Riverstone Holdings.
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