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SmarTrend Watching for Potential Pullback in Shares of Anadarko Petroleum After 2.61% GainFeb 05, 2013 (SmarTrend(R) News Watch via COMTEX) -- Anadarko Petroleum (NYSE:APC) traded in a range yesterday that spanned from a low of $81.37 to a high of $83.15. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $81.83 on volume of 4.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. Anadarko Petroleum share prices have moved between a 52-week high of $88.70 and a 52-week low of $56.42 and are now trading 46% above that low price at $82.60 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%. SmarTrend recommended that subscribers consider buying shares of Anadarko Petroleum on January 3rd, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $76.26. Since that recommendation, shares of Anadarko Petroleum have risen 5.6%. We continue to monitor APC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |