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Anadarko Petroleum (APC) Showing Bearish Technicals With Support At $52.75

Feb 07, 2018 ( via COMTEX) --

After Feb 6, 2018aEUR(TM)s trading in Anadarko Petroleum (<a href="">APC</a>) the option-trade picking algorithms that power's Artificial Intelligence Center uncovered a trade that offers a 3.59% return, or 35.49% annualized (for comparison purposes only), while providing 7.65% downside protection. The trade is a Mar 16, 2018 covered call at the $55 level for a net debit of about $53.09. The net debit is also the breakeven point for this trade. Standard & PooraEUR(TM)s has a 3 STARS (out of 5) hold ranking on Anadarko Petroleum. Technical indicators for the stock have been bearish and support and resistance have been in the area of $52.75 and $59.93, respectively.

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