Andarko's most recent trend suggests a bullish bias. One trading opportunity on Andarko is a Bull Put Spread using a strike $92.50 short put and a strike $87.50 long put offers a potential 21.07% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $92.50 by expiration. The full premium credit of $0.87 would be kept by the premium seller. The risk of $4.13 would be incurred if the stock dropped below the $87.50 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 58.02 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Andarko
Oil Driller IPO Athlon Energy Races In Permian Basin
Thu, 17 Oct 2013 18:24:00 GMT
Investor's Business Daily – Oil Driller IPO Athlon Energy Races In Permian Basin
Oil And Gas Producers Should Get Q3 Lift From Permian
Thu, 17 Oct 2013 12:02:00 GMT
Investor's Business Daily – Oil And Gas Producers Should Get Q3 Lift From Permian
Gulf push: Chevron invests $12 billion, adds jobs
Wed, 16 Oct 2013 17:32:24 GMT
CNBC – Two new oil platforms, the Jack S. Malo and the Big Foot, are expected to be operating by the end of 2014, yielding a combined 230,000 barrels a day.
[$$] Venezuela to Release Detained Ship and Crew
Tue, 15 Oct 2013 21:22:24 GMT
The Wall Street Journal – Venezuelan authorities will release an oil-exploration ship hired by Guyana, and its 36-man crew who were detained last week for allegedly performing a seismic study in its territorial waters, the U.S.-based …
Anadarko Schedules Third-Quarter 2013 Earnings Conference Call for Nov. 5
Mon, 14 Oct 2013 19:30:00 GMT
Marketwired – Anadarko Petroleum Corporation
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