Anadarko Petroleum Crosses Below its 10-day MA (APC)
Anadarko Petroleum (NYSE:APC) crossed under its 10-day moving average of $54.05 on a volume of 818K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Anadarko Petroleum have traded between a low of $28.16 and a high of $95.75 and are now at $53.06, which is 88% 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 subscribers consider buying shares of Anadarko Petroleum on May 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.50. Since that recommendation, shares of Anadarko Petroleum have risen 3.9%. We continue to monitor APC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Anadarko Petroleum