ANADARKO PETROLEUM CP
(APC-NYSE):
Technical Viewpoint: From a low
of $46.52 on Jul 18, 2001 prices
rallied, reaching a
high of $60.00
on Jul 30, 2001. A
decline saw prices pull back, reaching a
low of
$53.21 on Aug 9, 2001.
Another rally saw prices penetrate
resistance, closing 8/15/01
at $59.75. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 31, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $55.50. Resistance: Is at $62.40.
Point & Figure: Reversed to the upside on Aug 15, 2001. A P&F upside
reversal takes place at $57.75. Summary: Technical indicators have turned bullish. BUY! ANADARKO PETROLEUM CP
(APC-NYSE) @ $60.12 Stop: Use a protective stop of $57.38.
ANADARKO PETROLEUM CP is currently trading @ $59.75 plus $3.11 on Aug 15, 2001. Price Objective:
$79.00. Risk/Reward: $2.75 VS. $18.88. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$79.00
Risk/Reward:
$2.75 VS. $18.88
Risk/Reward Ratio:
7:1
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