Andarko's most recent trend suggests a bearish bias. One trading opportunity on Andarko is a Bear Call Spread using a strike $82.50 short call and a strike $87.50 long call offers a potential 17.92% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $82.50 by expiration. The full premium credit of $0.76 would be kept by the premium seller. The risk of $4.24 would be incurred if the stock rose above the $87.50 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
Anadarko Gets $9 Billion Cheaper for Takeover: Real M&A
Wed, 18 Dec 2013 14:39:53 GMT
Bloomberg – Anadarko Petroleum Corp.’s legal troubles likely haven’t tarnished its allure for acquirers. Instead, it’s helped make the oil producer $9 billion cheaper.
Analysts' Actions: AVP EE GPN JBL RAX
Wed, 18 Dec 2013 13:41:00 GMT
TheStreet – Here are today's top research calls.
The Zacks Analyst Blog Highlights: Chevron, Anadarko Petroleum, Marathon Oil, Encana and Cabot Oil & Gas
Wed, 18 Dec 2013 11:49:27 GMT
Zacks – The Zacks Analyst Blog Highlights: Chevron, Anadarko Petroleum, Marathon Oil, Encana and Cabot Oil & Gas
Anadarko Petroleum: No Resolution, No Upside
Mon, 16 Dec 2013 20:01:00 GMT
Barrons.com – The uncertainty surrounding Anadarko Petroleum's (APC) shares, however, is a result of a merger with Kerr-McGee–and they're likely to stick around for a while. Last week, a judge ruled that Anadarko is on the hook for at least $5 billion or as much as $14 for cleanup related to Tronox, which was spun out of Kerr-Mcgee before the acquisition. That caused Anadarko's shares to fall 9.4% last week, well more than the losses in ConocoPhillips (COP), Occidental Petroleum (OXY), EOG Resources (EOG)and Apache (APA). RBC Capital Market's Scott Hanold and team explain that Anadarko investors are splitting the difference: At current prices, we think APC shares assume a $8–9 billion resolution in the Tronox case.
Should US export more oil?
Mon, 16 Dec 2013 19:15:00 GMT
CNBC – Exporting American oil has been banned for the last 40 years. Dan Dicker, Thestreet.com, and Andy Lipow, Lipow Oil Associates, discuss which companies would benefit from an end to the ban.
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