Return to News Categories

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 Resistance At $48.53

Dec 07, 2017 ( via COMTEX) --

For a hedged play on Anadarko Petroleum (<a href="">APC</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Feb 16, 2018 $45 covered call for a net debit in the $43.31 area. That is also the break-even stock price for the covered call. This trade will return 3.90%, or 20.06% annualized (for comparison purposes only), in 71 days. This covered call also provides 8.06% 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 $46.13 and resistance in the $48.53 range. The stock closed Dec 6, 2017's trading session at $47.11.A

(C) Copyright 2017, 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 56.79
Nat Gas 2.713
Corn 349 2/8
Cotton #2 74.12
Gold 1259.8
Copper 3.0600
Euro 1.18415
USD Index 93.350
SP500 E-mini 2670.75
DJIA E-mini 24666