Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Anadarko Petrole (APC) Crosses Pivot Point Resistance at $70.34

May 16, 2018 (SmarTrend(R) News Watch via COMTEX) --

Shares of Anadarko Petrole (NYSE:APC) opened today above their pivot of $69.60 and have already reached the first level of resistance at $70.34. Should the shares continue to rise, the resistance pivots of $71.00 and $72.40 will be of interest.

In the past 52 weeks, shares of Anadarko Petrole have traded between a low of $39.96 and a high of $73.33 and are now at $70.05, which is 75% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 2.2%.

Anadarko Petrole has overhead space with shares priced $70.05, or 2.1% below the average consensus analyst price target of $71.55. The stock should discover initial support at its 200-day moving average (MA) of $55.58 and subsequent support at its 50-day MA of $46.98.

SmarTrend recommended that subscribers consider buying shares of Anadarko Petrole on March 22nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $60.80. Since that recommendation, shares of Anadarko Petrole have risen 14.6%. We continue to monitor APC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to SmarTrend at cs@mysmartrend.com

---------------------------------------------------------------------------------------------

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

Copyright, Comtex News Network, Inc. 2018

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 72.48
Nat Gas 2.826
Corn 403 6/8
Cotton #2 88.57
Gold 1294.2
Copper 3.1200
Euro 1.18435
USD Index 93.245
SP500 E-mini 2737.50
DJIA E-mini 25050
close_icon
open_icon