Andarko (APC) Offering Possible 20.77% Return Over the Next 8 Calendar Days

Andarko's most recent trend suggests a bearish bias. One trading opportunity on Andarko is a Bear Call Spread using a strike $57.50 short call and a strike $62.50 long call offers a potential 20.77% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $57.50 by expiration. The full premium credit of $0.86 would be kept by the premium seller. The risk of $4.14 would be incurred if the stock rose above the $62.50 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.

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

Colorado Voters Reject Drilling Limits in Win for Companies
Wed, 07 Nov 2018 04:36:11 +0000
Voters on Tuesday rejected a plan to force oil and gas development further away from residential and environmentally “sensitive” areas, illustrating the industry’s influence in a state that is producing more crude than ever before. Oil and gas companies raised more than $41 million to defeat the measure, compared with just $1.3 million gathered by proponents. Other companies poised to benefit from the outcome include BP Plc, Extraction Oil & Gas Inc., PDC Energy Inc., SRC Energy Inc., HighPoint Resources Corp., and Bonanza Creek Energy Inc.

3 Things to Watch When Marathon Oil Corp. Reports Its Q3 Results
Tue, 06 Nov 2018 17:49:00 +0000
The U.S. oil giant will deliver its results Wednesday, and investors will want to take a close look at its spending plans.

See what the IHS Markit Score report has to say about Anadarko Petroleum Corp.
Tue, 06 Nov 2018 13:07:56 +0000
This could indicate that investors who seek to profit from falling equity prices are not currently targeting APC. Over the last one-month, outflows of investor capital in ETFs holding APC totaled $1.32 billion.

Seven Drillers With a Lot to Lose in Today's Colorado Oil Vote
Tue, 06 Nov 2018 12:00:03 +0000
The two explorers collectively control drilling rights to about 750,000 acres — assets they might not be able to drill if voters approve Proposition 112, a measure that would curb oil and gas development across more than half the Rocky Mountain state. Other exposed companies include BP Plc, Extraction Oil & Gas Inc., PDC Energy Inc., SRC Energy Inc., HighPoint Resources Corp., and Bonanza Creek Energy Inc., according to Bloomberg Intelligence.

Anadarko Petroleum Watching Colorado Midterm
Mon, 05 Nov 2018 19:10:00 +0000
and its shareholders will be closely watching the midterm voting in Colorado as Proposition 112 could affect its future oil production plans in the state. On Tuesday, Nov. 6, Colorado citizens will go to the polls to vote on Proposition 112, which would require all new oil and gas wells to be a minimum of 2,500 feet — about half a mile — from occupied buildings and “vulnerable areas,” such as parks and irrigation canals. While polling data is “limited, and mixed,” Anadarko has significant exposure to the vote, according to Morgan Stanley analysts, including Devin McDermott.

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