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Anadarko Petroleum (APC) Showing Bearish Technicals With Support At $47.60

Dec 04, 2017 ( via COMTEX) --'s option-trade picking algorithms have identified an attractive covered-call trade on Anadarko Petroleum (<a href="">APC</a>). Look at the Jan 19, 2018 $47.50 covered call for a net debit in the $46 area.<br /> <br /> This trade has a duration of 46 days. The break-even point of this trade is the same as the net debit, which gives this trade 5.56%. If the stock closes at or above $47.50 at expiration this trade will return 3.23% or 25.69% (for comparison purposes only). <br /> <br /> APC closed Dec 1, 2017's trading session at $48.71. In the past year, the stock has hit a 52-week low of $39.96 and 52-week high of $73.33. Anadarko Petroleum stock has been showing support around $47.60 and resistance in the $50.39 range. Technical indicators for the stock are bearish and S&P gives APC 3 STARS (out of 5) hold ranking.

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