Andarko (APC) Offering Possible 5.26% Return Over the Next 13 Calendar Days

Andarko's most recent trend suggests a bullish bias. One trading opportunity on Andarko is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 5.26% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $65.00 long put 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 up which suggests that the medium-term momentum for Andarko is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought 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

EOG Resources (EOG) Q1 Earnings Beat Estimates, Flat Y/Y
Fri, 03 May 2019 08:14:08 +0000
Higher oil equivalent production volumes support EOG Resources' (EOG) strong Q1 earnings.

Occidental's Winding Path to Anadarko Bid Led to Buffett's Door
Fri, 03 May 2019 04:00:01 +0000
With Buffett in its corner and a higher bid on the table, Occidental finally seems to have the upper hand over Chevron Corp.’s lower, but already agreed on, offer. Anadarko’s board has decided to start talking to Occidental again, and said that its bid could result in a superior proposal. Occidental’s engagement with Anadarko officially brings the two Texas-based explorers back to the negotiating table again after at least four separate rounds of communication since late 2017, according to people familiar with the matter, who asked not to be identified as the details of the discussions aren’t public.

Occidental shareholders criticize bid for Anadarko, Buffett financing
Thu, 02 May 2019 19:27:22 +0000
Several major Occidental Petroleum Corp shareholders have voiced opposition to the oil company's $38 billion bid for rival Anadarko Petroleum Corp that now includes a pricey financing deal with billionaire Warren Buffett. Occidental and Chevron Corp are battling for Anadarko and its holdings of nearly a quarter million acres in the Permian Basin, the top U.S. shale field, where low-cost production has helped turn the United States into the world's top oil producer at 12.3 million barrels per day. Occidental shares were trading on Thursday at $57.48, down sharply from $66.63 a month ago, prior to rumors it might challenge Chevron.

Occidental shareholders criticise bid for Anadarko, Buffett financing
Thu, 02 May 2019 19:21:18 +0000
Several major Occidental Petroleum Corp shareholders have voiced opposition to the oil company's $38 billion bid for rival Anadarko Petroleum Corp that now includes a pricey financing deal with billionaire Warren Buffett. Occidental and Chevron Corp are battling for Anadarko and its holdings of nearly a quarter million acres in the Permian Basin, the top U.S. shale field, where low-cost production has helped turn the United States into the world's top oil producer at 12.3 million barrels per day. Occidental shares were trading on Thursday at $57.48, down sharply from $66.63 a month ago, prior to rumours it might challenge Chevron.

Murphy Oil (MUR) Beats Q1 Earnings and Revenue Estimates
Thu, 02 May 2019 16:43:04 +0000
Murphy Oil's (MUR) first-quarter revenues improve significantly on a year-over-year basis.

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