Andarko's most recent trend suggests a bearish bias. One trading opportunity on Andarko is a Bear Call Spread using a strike $52.50 short call and a strike $57.50 long call offers a potential 5.49% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $52.50 by expiration. The full premium credit of $0.26 would be kept by the premium seller. The risk of $4.74 would be incurred if the stock rose above the $57.50 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.
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LATEST NEWS for Andarko
Houston co. to buy Eagle Ford acreage from Anadarko, KKR in $625M deal
Mon, 15 May 2017 16:19:51 +0000
Houston-based WildHorse Resource Development Corp. (WRD) plans to buy about 111,000 net acres in Texas and associated production from The Woodlands-based Anadarko Petroleum Corp. (APC) and affiliates of New York-based Kohlberg Kravis Roberts & Co. LP (KKR). “This transformative acquisition presented us with a strategic opportunity to consolidate our acreage position,” WildHorse Chairman and CEO Jay Graham said in a May 11 press release . With a total of 385,000 net acres, the deal will make WildHorse the second-largest operator in the Eagle Ford, Graham added.
Waiting for an Island Reversal on Anadarko Petroleum
Mon, 15 May 2017 15:27:00 +0000
The stock is already part of the way there.
SHAREHOLDER ALERT: Goldberg Law PC Announces an Investigation of Anadarko Petroleum Corporation
Mon, 15 May 2017 15:19:00 +0000
Goldberg Law PC, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Anadarko Petroleum Corporation for possible violations of federal securities laws.
INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors of Anadarko Petroleum Corporation of Commencement of a Class Action Lawsuit and a Lead Plaintiff Deadline of July 3, 2017 – APC
Mon, 15 May 2017 13:06:00 +0000
NEW YORK, NY / ACCESSWIRE / May 15, 2017 / The following statement is being issued by Levi & Korsinsky, LLP: To: All persons or entities who purchased or otherwise acquired securities of Anadarko Petroleum …
IMPORTANT EQUITY ALERT: Lundin Law PC Announces a Securities Class Action Lawsuit against Anadarko Petroleum Corporation and Encourages Investors with Losses to Contact the Firm
Sat, 13 May 2017 03:58:00 +0000
LOS ANGELES, CA / ACCESSWIRE / May 12, 2017 / Lundin Law PC , a shareholder rights firm, announces the filing of a class action lawsuit against Anadarko Petroleum Corporation (“Anadarko” or the …
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