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Look for Shares of Anadarko Petrole to Potentially Pullback after Yesterday's 1.86% Rise

By Nick Russo

Anadarko Petrole (NYSE:APC) traded in a range yesterday that spanned from a low of $62.63 to a high of $63.45. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $63.23 on volume of 10.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Anadarko Petrole. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Anadarko Petrole in search of a potential trend change.

In the past 52 weeks, shares of Anadarko Petrole have traded between a low of $40.40 and a high of $76.70 and are now at $63.45, which is 57% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 0.4%.

Keywords: rebounders anadarko petrole

Ticker(s): APC