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Anadarko Petroleum (APC) Showing Bearish Technicals With Resistance At $58.40

Feb 14, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented algorithms have identified an attractive covered-call trade on Anadarko Petroleum (<a href="http://www.marketintelligencecenter.com/symbol/APC">APC</a>). Look at the Mar 16, 2018 $55 covered call for a net debit in the $53.63 area.<br /> <br /> This trade has a duration of 30 days. The break-even point of this trade is the same as the net debit, which gives this trade 6.20% downside protection. If the stock closes at or above $55 at expiration this trade will return 2.55% or 31.08% annually (for comparison purposes only). <br /> <br /> If you're interested in a lower-cost hedged trade on Anadarko Petroleum, consider buying the Jan 18, 2019 $22.50 call and selling the Mar 16, 2018 $55 call for a net debit of $31.50. A<br /> <br /> This hedged trade uses a longer-term bought call instead of the long stock position in a traditional covered call. The hedged trade lasts 30 days and would provide 5.56% downside protection. If Anadarko Petroleum is at or above $55 when the market closes in Mar 16, 2018, this trade will make a full return of 3.17% of the initial capital at risk for an annualized return rate of 38.62% (for comparison purposes only).<br /> <br /> APC closed Feb 13, 2018's trading session at $57.18. In the past year, the stock has hit a 52-week low of $39.96 and 52-week high of $68.41. Anadarko Petroleum stock has been showing support around $56.16 and resistance in the $58.40 range. Technical indicators for the stock are bearish and S&P gives APC 3 STARS (out of 5) hold ranking.

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