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Anadarko Petroleum Crosses Above its 10-day MA (APC)

By James Quinn

Anadarko Petroleum (NYSE:APC) crossed over its 10-day moving average of $53.20 on a volume of 748K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Anadarko Petroleum has traded in a range of $28.16 to $95.75 and is now at $53.46, 90% above that low. 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 is tracking the current trend status for Anadarko Petroleum and will alert subscribers who have APC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Anadarko Petroleum

Ticker(s): APC