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Anadarko Petroleum (APC) Showing Bearish Technicals With Resistance At $54.42

Jan 02, 2018 ( via COMTEX) --

After Dec 29, 2017aEUR(TM)s trading in Anadarko Petroleum (<a href="">APC</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 3.48% or 28.30% (for comparison purposes only), while providing 5.41% downside protection. The trade is a Feb 16, 2018 covered call at the $52.50 level for a net debit of about $50.71. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $53.04 and $54.42, respectively.

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