TMCnet News
Anadarko Petroleum Falls 4.47% on Heavy Volume: Watch For Potential ReboundFeb 20, 2013 (SmarTrend(R) News Watch via COMTEX) -- Anadarko Petroleum (NYSE:APC) traded in a range yesterday that spanned from a low of $80.29 to a high of $83.75. Yesterday, the shares fell 4.5%, which took the trading range below the 3-day low of $81.69 on volume of 4.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision. SmarTrend is tracking the current trend status for Anadarko Petroleum and will alert subscribers who have APC in their portfolio or watchlist when shares have changed trend direction. Over the past year, Anadarko Petroleum has traded in a range of $56.42 to $88.28 and is now at $80.38, 42% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%. 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 |