timwest
Short

Anadarko Petroleum APC Daily - Trend Down on 3 Levels

NYSE:APC   ANADARKO PETE CORP
160 1 1
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.
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timwest PRO
2 years ago
I want to accentuate this trade - looks like it is working after a brief lift after the initial post.
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