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Anadarko Petroleum Bullish Moving Average Crossover Alert (APC)

By David Diaz

Anadarko Petroleum (NYSE:APC) crossed over its 10-day moving average of $51.89 on a volume of 966K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Anadarko Petroleum share prices have been bracketed by a low of $28.16 and a high of $95.75 and are now at $52.07, 85% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 2.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Anadarko Petroleum on February 23rd, 2017 by issuing a Downtrend alert when the shares were trading at $66.24. Since that call, shares of Anadarko Petroleum have fallen 21.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Anadarko Petroleum

Ticker(s): APC