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Watch for Shares of Anadarko Petroleum (APC) to Approach Resistance at $64.32

By James Quinn

Shares of Anadarko Petroleum (NYSE:APC) opened today above their pivot of $62.97 and have already reached the first level of resistance at $63.65. Investors may be interested in a cross of the next upside pivot targets of $64.32 and $65.67.

Anadarko Petroleum has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $84.10. Anadarko Petroleum shares should first meet resistance at the 50-day moving average (MA) of $46.98 and find additional resistance at the 200-day MA of $55.58.

Over the past year, Anadarko Petroleumhas traded in a range of $0.00 to $95.75 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.2% while the 200-day MA has slid 0.9%.

SmarTrend recommended that subscribers consider buying shares of Anadarko Petroleum on August 30th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.25. Since that recommendation, shares of Anadarko Petroleum have risen 11.9%. We continue to monitor APC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts Anadarko Petroleum

Ticker(s): APC