Anadarko Petroleum is suffering from the weight of falling crude oil prices and weak price action after the most recent earnings announcement. The "RgMov" line is a trend indicator and it is hitting fresh lows here and suggesting prices for APC shares will weaken further.
Look for a drop from current levels (106.04 last) and risk a rally over the 111 area. Targeting 96-100.
Tim 105.99 last -2.52 on the day.
Look for a drop from current levels (106.04 last) and risk a rally over the 111 area. Targeting 96-100.
Tim 105.99 last -2.52 on the day.
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