Andarko's most recent trend suggests a bullish bias. One trading opportunity on Andarko is a Bull Put Spread using a strike $104.00 short put and a strike $99.00 long put offers a potential 48.37% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $104.00 by expiration. The full premium credit of $1.63 would be kept by the premium seller. The risk of $3.37 would be incurred if the stock dropped below the $99.00 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 42.91 level which suggests that the stock is neither overbought nor oversold at this time.
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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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