Andarko's most recent trend suggests a bearish bias. One trading opportunity on Andarko is a Bear Call Spread using a strike $99.00 short call and a strike $104.00 long call offers a potential 9.89% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $99.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock rose above the $104.00 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 72.19 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Andarko
Jim Cramer Asks Dan Dicker: Where's the Next Anadarko?
Wed, 09 Apr 2014 17:45:00 GMT
The Zacks Analyst Blog Highlights: Anadarko Petroleum, BP, McDermott International, Encana and Apache
Wed, 09 Apr 2014 12:40:19 GMT
Dan Dicker Explains His Long-Term Oil Trading Plans
Tue, 08 Apr 2014 19:14:00 GMT
Is There Too Much Optimism About Anadarko Petroleum Corporation?
Tue, 08 Apr 2014 15:01:59 GMT
Here's How Anadarko's Big Bet on Liquefied Natural Gas Will Fuel its Future
Tue, 08 Apr 2014 14:50:00 GMT
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