ANDV has been having a little consolidation pullback, but getting strong support at 150. Huge volume poured in with the doji on Friday's trading day. The 50 SMA has caught up to the current price. We should see this start running back up to test 160. Tomorrow's trading day will let us know if bottom has been found. I'll be looking to buy calls around 152 with a SL ...
Deeeeefinitely one to keep on watch. Earnings Monday after market close. Luckily, I re-checked my earnings list for Monday just to peep any big moves towards the up-side just because of the red flags it raises - target price was initiated @ $158 by Mizhuo just today which, really is icing on the cake when mixed with a weekend right before earnings lol. I wana keep ...
Andeavor ANDV Petroleum Refining Company looking good but undecided. If we see an opportunity a good target would be 112.15
What do you think about it?
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ANDV seems forming a double top here with a strong Twiggs money flow divergence. We think it has good downside potential.
To play this we would consider $97.50 May Puts.
* Trade Criteria *
Date First Found- February 5, 2018
Pattern/Why- Double top on Weekly chart
Entry Criteria- Short at current price ($102.00) (Hit February 5, 2018)