Andarko (APC) Offering Possible 26.9% Return Over the Next 10 Calendar Days

Andarko's most recent trend suggests a bullish bias. One trading opportunity on Andarko is a Bull Put Spread using a strike $68.50 short put and a strike $63.50 long put offers a potential 26.9% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $68.50 by expiration. The full premium credit of $1.06 would be kept by the premium seller. The risk of $3.94 would be incurred if the stock dropped below the $63.50 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 77.08 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

Looming large: Shell's LNG Canada seen as tip of megaproject iceberg
Wed, 03 Oct 2018 05:57:15 +0000
LONDON/SINGAPORE, Oct 3 (Reuters) – The launch of a massive liquefied natural gas (LNG) export project in Canada could fire the starting gun on a wave of other approvals around the world, potentially curbing a supply crunch expected after 2020. Royal Dutch Shell on Tuesday said it would export LNG from the west of Canada by 2025 after approving a C$40 billion ($31.2 billion) project capable of initially producing 14 million tonnes a year. The Canada and Qatar developments will significantly boost the around 300 million tonnes of LNG traded per year, helping ease a supply shortage expected in the next decade amid surging appetite for cleaner fuels from places such as China and wider Asia.

Energy firms pour $20 mln into defeating Colorado drilling curbs
Tue, 02 Oct 2018 23:45:19 +0000
Oil and gas companies and their supporters have poured $20.3 million since August into a campaign to defeat a Colorado ballot initiative that would limit new drilling in populated areas, according to state financial filings released on Tuesday. Colorado, the sixth largest and one of the fastest growing U.S. oil-producing states, votes on Nov. 6 on a citizens' petition that would require new wells be at least 2,500 feet (762 m) from homes, schools and parks. The initiative, which received 172,834 signatures to get a spot on the ballot, was aided in part by the deaths of two men last year in an explosion caused by gas leaking from an abandoned well near a home in Firestone, Colorado.

Upstream Stocks Might Continue to Build on Last Week’s Gains
Tue, 02 Oct 2018 16:06:35 +0000
In the week ending September 28, upstream energy stocks continued their winning streak for the third consecutive week. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP), which includes 56 upstream companies, rose 1.9% last week. Overall, XOP gained 2.2% last month. Last week, XOP’s gains were due to the rise in commodity prices and the narrowing of the WTI spreads.

Tracking the traders' most memorable calls in Q3
Tue, 02 Oct 2018 15:43:00 +0000
Traders Joe Terranova and Stephanie Link discuss their most memorable trades in the third quarter.

Shell's LNG Canada seen as tip of megaproject iceberg
Tue, 02 Oct 2018 15:10:55 +0000
The launch of a massive liquefied natural gas (LNG) export project in Canada has finally fired the starting gun on a wave of plan approvals around the world, needed to avoid a supply crunch after 2020. Royal Dutch Shell (RDSa.AS) said it would export LNG from Western Canada by 2025 after approving a $14 billion project, hot on the heels of Qatar's commitment last week to expand its facilities. The two announcements, adding 37 million tonnes a year (mtpa) to the 290 million tonnes traded in 2017, are just the start of project approvals – known as final investment decisions (FIDs) – that have been waiting in company drawers while LNG prices recovered from a three-year slump.

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