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Bearish Moving Average Cross by Anadarko Petroleum (APC)

By James Quinn

Anadarko Petroleum (NYSE:APC) shares have crossed bearishly below their 10-day moving average of $54.12 on a volume of 628K shares. This may provide swing traders with an opportunity 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 $53.66, which is 91% 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 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