Andarko's most recent trend suggests a bullish bias. One trading opportunity on Andarko is a Bull Put Spread using a strike $95.00 short put and a strike $90.00 long put offers a potential 29.53% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.00 by expiration. The full premium credit of $1.14 would be kept by the premium seller. The risk of $3.86 would be incurred if the stock dropped below the $90.00 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 61.63 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Andarko
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.
[$$] Venezuela to Release Detained Ship and Crew
Tue, 15 Oct 2013 21:22:24 GMT
The Wall Street Journal – Venezuelan authorities will release an oil-exploration ship hired by Guyana, and its 36-man crew who were detained last week for allegedly performing a seismic study in its territorial waters, the U.S.-based …
Anadarko Schedules Third-Quarter 2013 Earnings Conference Call for Nov. 5
Mon, 14 Oct 2013 19:30:00 GMT
Marketwired – Anadarko Petroleum Corporation
[$$] Venezuela Officials Question Crew of Seized Oil Ship
Mon, 14 Oct 2013 03:43:11 GMT
The Wall Street Journal – An oil-exploration ship contracted by the government of Guyana and U.S. firm Anadarko Petroleum arrived at a Venezuelan naval port, where Venezuelan authorities are holding it on allegations it was conducting …
Venezuela holds US-operated oil ship in spat with Guyana
Sat, 12 Oct 2013 16:27:39 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook