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Anadarko Petrole (APC) Breaks Through Resistance at $71.87

By David Diaz

Shares of Anadarko Petrole (NYSE:APC) opened today above their pivot of $71.38 and have already reached the first level of resistance at $71.87. Analysts will be watching for a cross of the next upside pivot targets of $72.46 and $73.54.

There is potential upside of 0.0% for shares of Anadarko Petrole based on a current price of $0.00 and an average consensus analyst price target of $77.00. The stock should run into initial resistance at its 200-day moving average (MA) of $56.08 and subsequent resistance at its 50-day MA of $67.25.

In the past 52 weeks, shares of Anadarko Petrole have traded between the current low of $0.00 and a high of $72.70 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.78% higher and 1.10% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Anadarko Petrole on March 22nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $60.80. Since that recommendation, shares of Anadarko Petrole have risen 17.2%. We continue to monitor APC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts anadarko petrole

Ticker(s): APC