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Anadarko Petrole (APC) Breaks Through Resistance at $63.03

By Amy Schwartz

Shares of Anadarko Petrole (NYSE:APC) have bullishly opened above the pivot of $62.14 today and have reached the first resistance level of $63.03. Investors may be interested in a cross of the next upside pivot targets of $63.61 and $65.08.

Potential upside of 22.2% exists for Anadarko Petrole, based on a current level of $63.02 and analysts' average consensus price target of $77.00. The stock should find resistance at its 50-day moving average (MA) of $67.76, as well as support at its 200-day MA of $62.95.

In the past 52 weeks, Anadarko Petrole share prices have been bracketed by a low of $40.64 and a high of $76.70 and are now at $63.02, 55% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has declined 1.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Anadarko Petrole on August 1st, 2018 by issuing a Downtrend alert when the shares were trading at $69.93. Since that call, shares of Anadarko Petrole have fallen 10.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts anadarko petrole

Ticker(s): APC