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 Petroleum (APC) Showing Bearish Technicals With Support At $48.80

Nov 07, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Anadarko Petroleum (<a href="http://www.marketintelligencecenter.com/symbol/APC">APC</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms recommend the Dec 15, 2017 $50 covered call for a net debit in the $48.83 area. That is also the break-even stock price for the covered call. This trade will return 2.37%, or 22.81% annualized (for comparison purposes only), in 38 days. This covered call also provides 5.76% downside protection. The current 52-week low is $39.96 and the 52-week high is $73.33. Anadarko Petroleum stock has been showing support around $48.80 and resistance in the $53.36 range. The stock closed Nov 6, 2017's trading session at $51.83. Technical indicators for the stock are bearish and S&P gives APC a 3 STARS (out of 5) hold ranking.

(C) Copyright 2017, Marketintelligencecenter.com. All rights reserved.

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 56.72
Nat Gas 3.021
Corn 344 6/8
Cotton #2 70.26
Gold 1281.0
Copper 3.1255
Euro 1.17635
USD Index 93.830
SP500 E-mini 2598.50
DJIA E-mini 23562
close_icon
open_icon